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Multiple products, multiple constraints, single period inventory problem: A Hierarchical solution procedure

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  • Kumar Satyendra
  • Venkata Rao, V.
  • Tirupati Devanath

Abstract

This paper presents the formulation and a hierarchical solution procedure of multiple products, multiple constraints, single period inventory problem. The hierarchical procedure decomposes the problem into a number of sub-problems equal to the number of constraints sets. Each sub-problem is solved optimally by applying Lagrange multipliers and satisfying Kuhn-Tucker conditions. The experimental results show that the hierarchical procedure performs well even when there are large a number of products and constraints.

Suggested Citation

  • Kumar Satyendra & Venkata Rao, V. & Tirupati Devanath, 2003. "Multiple products, multiple constraints, single period inventory problem: A Hierarchical solution procedure," IIMA Working Papers WP2003-11-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:wp01787
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    References listed on IDEAS

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