A heuristic algorithm for a production planning problem in an assembly system
Park M-W and
Kim Y-D ()
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Park M-W: Chonbuk National University
Kim Y-D: Korea Advanced Institute of Science and Technology
Journal of the Operational Research Society, 1999, vol. 50, issue 2, 138-147
Abstract:
Abstract This paper focuses on a production planning problem in an assembly system operating on a make-to-order basis. Due dates are considered as constraints in the problem, that is, tardiness is not allowed. The objective of the problem is to minimise holding costs for final product inventory as well as work-in-process inventory. A non-linear mathematical model is presented and a heuristic algorithm is developed using a solution property and a network model for defining solutions of the problem. A series of computational tests were done to compare the algorithm with a commercial planning/scheduling software and backward finite-loading methods that employ various priority rules. The results showed that the suggested algorithm outperformed the others.
Keywords: production planning; heuristics (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:jorsoc:v:50:y:1999:i:2:d:10.1057_palgrave.jors.2600683
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DOI: 10.1057/palgrave.jors.2600683
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