An Effective and Simple Algorithm to Solve the Discrete Multi-Product Economic Production Quantity Model

Amir Hossein Nobil (), Seyed TaghiAkhavanNiaki () and Erfan Nobil ()
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Amir Hossein Nobil: ParandakInstitute of Higher Education Parandak, Markazi, Iran
Seyed TaghiAkhavanNiaki: Department of Industrial Engineering Sharif University of Technology, Tehran, Iran
Erfan Nobil: Faculty of Engineering,Ruddehn Branch Islamic Azad University, Iran

ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, 2017, vol. 51, issue 3, 251-261

Abstract: This study proposes a practical heuristic algorithm to solve a complex and hard nonlinear integer programming (NLIP) formulation developed for a lot-sizing problem in multi-product economic production quantity (EPQ) environments containing a company and a supplier with delivery order constraints. In this paper, the previously published model is being modified with fewer constraints and decision variables, in order to find a better solution with less computational time using the proposed heuristic. We also show that the heuristic algorithm can find the optimal solution of a single-product inventory control problem without constraints.

Keywords: EPQ; multiple products; multiple deliveries; lot-sizing; NLIP. (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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