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Economic Lot-Sizing Problem with Bounded Inventory and Lost-Sales

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  • Hwang, H.C.

Abstract

In this paper we consider an economic lot-sizing problem with bounded inventory and lost-sales. Different structural properties are characterized based on the system parameters such as production and inventory costs, selling prices, and storage capacities. Using these properties and the results on the lot-sizing problems with bounded inventory, we present improved and new algorithms for the problem. Specifically, we provide algorithms for the general lot-sizing problem with bounded inventory and lost-sales, the lot-sizing problem with nonincreasing selling prices and the problem with only lost-sales.

Suggested Citation

  • Hwang, H.C., 2009. "Economic Lot-Sizing Problem with Bounded Inventory and Lost-Sales," Econometric Institute Research Papers EI 2009-01, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    • Handle: RePEc:ems:eureir:14351
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    References listed on IDEAS

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    Keywords

    Algorithms; Economic lot-sizing; Inventory and Production; Lost-Sales;
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