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A note on "The Economic Lot Sizing Problem with Inventory Bounds"

Author

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  • Onal, M.
  • van den Heuvel, W.J.
  • Liu, T.

Abstract

In a recent paper, Liu (2008) considers the lot-sizing problem with lower and upper bounds on the inventory levels. He proposes an O(n^2) algorithm for the general problem, and an O(n) algorithm for the special case with non-speculative motives. We show that neither of the algorithms provides an optimal solution in general. Furthermore, we propose a fix for the former algorithm that maintains the O(n^2) complexity.

Suggested Citation

  • Onal, M. & van den Heuvel, W.J. & Liu, T., 2012. "A note on "The Economic Lot Sizing Problem with Inventory Bounds"," Econometric Institute Research Papers EI 2012-04, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
  • Handle: RePEc:ems:eureir:32133
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    References listed on IDEAS

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    1. repec:wly:navres:v:59:y:2012:i:3-4:p:244-253 is not listed on IDEAS
    2. Hark‐Chin Hwang & Wilco van den Heuvel, 2012. "Improved algorithms for a lot‐sizing problem with inventory bounds and backlogging," Naval Research Logistics (NRL), John Wiley & Sons, vol. 59(3‐4), pages 244-253, April.
    3. Stephen F. Love, 1973. "Bounded Production and Inventory Models with Piecewise Concave Costs," Management Science, INFORMS, vol. 20(3), pages 313-318, November.
    4. Liu, Tieming, 2008. "Economic lot sizing problem with inventory bounds," European Journal of Operational Research, Elsevier, vol. 185(1), pages 204-215, February.
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    Cited by:

    1. repec:eee:ejores:v:267:y:2018:i:3:p:849-854 is not listed on IDEAS
    2. Ayse Akbalik & Bernard Penz & Christophe Rapine, 2015. "Capacitated lot sizing problems with inventory bounds," Annals of Operations Research, Springer, vol. 229(1), pages 1-18, June.
    3. repec:eee:ejores:v:263:y:2017:i:3:p:838-863 is not listed on IDEAS

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