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Two heuristics for the economic lot scheduling problem: An experimental study

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  • P. C. Geng
  • R. G. Vickson

Abstract

In this article we present and test two heuristics for the economic lot scheduling problem. The first heuristic was developed by one of us (P.C. Geng) during Ph.D. research, while the other is a convergent implementation of an algorithm due to Doll and Whybark. We study the performance of these heuristics on a large set of test problems constructed using a new form of problem generation that yields random problems within an experimental design.

Suggested Citation

  • P. C. Geng & R. G. Vickson, 1988. "Two heuristics for the economic lot scheduling problem: An experimental study," Naval Research Logistics (NRL), John Wiley & Sons, vol. 35(4), pages 605-617, August.
    • Handle: RePEc:wly:navres:v:35:y:1988:i:4:p:605-617
    DOI: 10.1002/1520-6750(198808)35:43.0.CO;2-V
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    References listed on IDEAS

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    1. Thom J. Hodgson, 1970. "Addendum to Stankard and Gupta's Note on Lot Size Scheduling," Management Science, INFORMS, vol. 16(7), pages 514-517, March.
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    Cited by:

    1. Ming-Jong Yao, 2005. "The Economic Lot Scheduling Problem without Capacity Constraints," Annals of Operations Research, Springer, vol. 133(1), pages 193-205, January.
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    3. Banerjee, Avijit & Pyreddy, Vijay R. & Kim, Seung Lae, 1996. "Investment policy for multiple product setup reduction under budgetary and capacity constraints," International Journal of Production Economics, Elsevier, vol. 45(1-3), pages 321-327, August.

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