A time-varying lot sizes approach for the economic lot scheduling problem with returns

Heechul Bae, Ilkyeong Moon and Wonyoung Yun

International Journal of Production Research, 2016, vol. 54, issue 11, 3380-3396

Abstract: We consider the economic lot scheduling problem with returns by assuming that each item is returned by a constant rate of demand. The goal is to find production frequencies, production sequences, production times, as well as idle times for several items subject to returns at a single facility. We propose a heu ristic algorithm based on a time-varying (TV) lot sizes approach. The problem is decomposed into two distinct portions: in the first, we find a combinatorial part (production frequencies and sequences) and in the second, we determine a continuous part (production and idle times) in a specific production sequence. We report computational results that show that, in many cases, the proposed TV lot sizes approach with consideration of returns yields a relatively minor error.

Date: 2016
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DOI: 10.1080/00207543.2015.1110633

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