Journal article
Dynamic economic lot size models with period-pair-dependent backorder and inventory costs
Operations research, Vol.49(2), pp.316-321
03/01/2001
DOI: 10.1287/opre.49.2.316.13534
Abstract
Inventory and backorder cost functions in the classical Wagner-Whitin economic lot size (ELS) models are typically period-pair-independent (pp-independent) in the sense that inventoried units carried (or backorders in existence) in a given period are treated the same regardless of the periods in which they are produced (placed) or the periods in which they are used (filled). We consider versions of the problem where inventory and backorder costs are pp-dependent, as well as versions where backorder costs, but not inventory costs, are pp-dependent. Recognizing that the problems considered are NP-hard, we provide cases where the cost structure allows polynomial solvability via dynamic programming
Details
- Title: Subtitle
- Dynamic economic lot size models with period-pair-dependent backorder and inventory costs
- Creators
- Vernon Ning Hsu - George Mason UniversityTimothy J. Lowe - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Operations research, Vol.49(2), pp.316-321
- DOI
- 10.1287/opre.49.2.316.13534
- ISSN
- 0030-364X
- eISSN
- 1526-5463
- Number of pages
- 6
- Language
- English
- Date published
- 03/01/2001
- Academic Unit
- Business Analytics
- Record Identifier
- 9984963210802771
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