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The linear dynamic lot size problem with minimum order quantity

Irena Okhrin and Knut Richter ()

International Journal of Production Economics, 2011, vol. 133, issue 2, 688-693

Abstract: This paper continues the analysis of a special uncapacitated single item lot sizing problem where a minimum order quantity restriction, instead of the setup cost, guarantees a certain level of production lots. A detailed analysis of the model and an investigation of the particularities of the cumulative demand structure allow us to develop a solution algorithm based on the concept of atomic sub-problems. We present an optimal solution to an atomic sub-problem in an explicit form and prove that it serves as a construction block for the optimal solution of the original problem. Computational tests and a comparison with a published algorithm confirm the efficiency of the solution algorithm developed here.

Keywords: Lot; sizing; problem; Minimum; order; quantity; Dynamic; programming (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:eee:proeco:v:133:y:2011:i:2:p:688-693