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The stochastic economic lot scheduling problem: A survey

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  • Winands, E.M.M.
  • Adan, I.J.B.F.
  • van Houtum, G.J.

Abstract

The present literature survey focuses on the stochastic economic lot scheduling problem (SELSP). The SELSP deals with the make-to-stock production of multiple standardized products on a single machine with limited capacity under random demands, possibly random setup times and possibly random production times. The main task of a production manager in this setting is the construction of a production plan for the machine. Based on the critical elements of such a production plan, we present a classification and extensive overview of the research on the SELSP together with an indication of open research areas. By doing so, we intend to stimulate the discussion on the important problems concerning the SELSP both from a theoretical and a practical point of view.

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  • Winands, E.M.M. & Adan, I.J.B.F. & van Houtum, G.J., 2011. "The stochastic economic lot scheduling problem: A survey," European Journal of Operational Research, Elsevier, vol. 210(1), pages 1-9, April.
    • Handle: RePEc:eee:ejores:v:210:y:2011:i:1:p:1-9
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    2. Beemsterboer, Bart & Land, Martin & Teunter, Ruud, 2017. "Flexible lot sizing in hybrid make-to-order/make-to-stock production planning," European Journal of Operational Research, Elsevier, vol. 260(3), pages 1014-1023.
    3. Sobhani, A. & Wahab, M.I.M. & Neumann, W.P., 2015. "Investigating work-related ill health effects in optimizing the performance of manufacturing systems," European Journal of Operational Research, Elsevier, vol. 241(3), pages 708-718.
    4. George Liberopoulos & Dimitrios Pandelis & Olympia Hatzikonstantinou, 2013. "The stochastic economic lot sizing problem for non-stop multi-grade production with sequence-restricted setup changeovers," Annals of Operations Research, Springer, vol. 209(1), pages 179-205, October.
    5. Guhlich, Hendrik & Fleischmann, Moritz & Mönch, Lars & Stolletz, Raik, 2018. "A clearing function based bid-price approach to integrated order acceptance and release decisions," European Journal of Operational Research, Elsevier, vol. 268(1), pages 243-254.
    6. Beck, Fabian G. & Biel, Konstantin & Glock, Christoph H., 2019. "Integration of energy aspects into the economic lot scheduling problem," International Journal of Production Economics, Elsevier, vol. 209(C), pages 399-410.
    7. Han Wu & Gerald Evans & Ki-Hwan Bae, 2016. "Production control in a complex production system using approximate dynamic programming," International Journal of Production Research, Taylor & Francis Journals, vol. 54(8), pages 2419-2432, April.
    8. Löhndorf, Nils & Riel, Manuel & Minner, Stefan, 2014. "Simulation optimization for the stochastic economic lot scheduling problem with sequence-dependent setup times," International Journal of Production Economics, Elsevier, vol. 157(C), pages 170-176.
    9. Tempelmeier, Horst & Herpers, Sascha, 2011. "Dynamic uncapacitated lot sizing with random demand under a fillrate constraint," European Journal of Operational Research, Elsevier, vol. 212(3), pages 497-507, August.
    10. David A. Goldberg & Martin I. Reiman & Qiong Wang, 2021. "A Survey of Recent Progress in the Asymptotic Analysis of Inventory Systems," Production and Operations Management, Production and Operations Management Society, vol. 30(6), pages 1718-1750, June.
    11. Vidal-Carreras, Pilar I. & Garcia-Sabater, Jose P. & Coronado-Hernandez, Jairo R., 2012. "Economic lot scheduling with deliberated and controlled coproduction," European Journal of Operational Research, Elsevier, vol. 219(2), pages 396-404.
    12. Boon, Marko & Janssen, Guido & van Leeuwaarden, Johan & Timmerman, Rik, 2023. "Optimal capacity allocation for heavy-traffic fixed-cycle traffic-light queues and intersections," Transportation Research Part B: Methodological, Elsevier, vol. 167(C), pages 79-98.
    13. Beemsterboer, Bart & Land, Martin & Teunter, Ruud, 2016. "Hybrid MTO-MTS production planning: An explorative study," European Journal of Operational Research, Elsevier, vol. 248(2), pages 453-461.
    14. Garn, Wolfgang & Aitken, James, 2015. "Agile factorial production for a single manufacturing line with multiple products," European Journal of Operational Research, Elsevier, vol. 245(3), pages 754-766.
    15. Hossein Jahandideh & Kumar Rajaram & Kevin McCardle, 2020. "Production Campaign Planning Under Learning and Decay," Manufacturing & Service Operations Management, INFORMS, vol. 22(3), pages 615-632, May.
    16. Menezes, Mozart B.C. & Jalali, Hamed & Lamas, Alejandro, 2021. "One too many: Product proliferation and the financial performance in manufacturing," International Journal of Production Economics, Elsevier, vol. 242(C).
    17. Tiemessen, H.G.H. & van Houtum, G.J., 2013. "Reducing costs of repairable inventory supply systems via dynamic scheduling," International Journal of Production Economics, Elsevier, vol. 143(2), pages 478-488.

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