On the part inventory model sequencing problem: Complexity and beam search heuristic
Malte Fliedner,
Nils Boysen () and
Armin Scholl ()
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Nils Boysen: School of Economics and Business Administration, Friedrich-Schiller-University Jena
No 20/2007, Jena Research Papers in Business and Economics - Working and Discussion Papers (Expired!) from Friedrich Schiller University Jena, School of Economics and Business Administration
Abstract:
In many industries mixed-model assembly systems are increasingly supplied out of third-party consignment stock. This novel trend gives rise to a new short-term sequencing problem which decides on the succession of models launched down the line and aims at minimizing the cost of in-process inventory held by the manufacturer. In this work, we investigate the mathematical structure of this part oriented mixed-model sequencing problem and prove that general instances of the problem are NP-hard in the strong sense. Moreover, we develop a new Beam Search heuristic, which clearly outperforms existing solution procedures.
Keywords: Mixed-model assembly line; Sequencing; Consignment Stock; NP-hardness (search for similar items in EconPapers)
Date: 2007
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Published in: Journal of Scheduling 14 (2011), 17-25.
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Persistent link: https://EconPapers.repec.org/RePEc:jen:jenjbe:2007-20
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