A heuristic approach for a multi-product capacitated lot-sizing problem with pricing

Rosa G. González-Ramírez, Neale R. Smith, Ronald Askin

Research output: Contribution to journalArticle

25 Scopus citations

Abstract

We address a multi-product capacitated lot-sizing problem with pricing. The objective is to maximise profit. The problem extends the multi-product capacitated lot-sizing problem (CLSP) found in the literature to include price as a decision variable, demand as a function of price, setup time, and more general holding costs. We present a heuristic procedure that can be used to solve large problem instances quickly with good solution quality. The results of computational testing are presented.

Original languageEnglish (US)
Pages (from-to)1173-1196
Number of pages24
JournalInternational Journal of Production Research
Volume49
Issue number4
DOIs
StatePublished - Feb 15 2011

Keywords

  • decomposition
  • economic lot-sizing
  • pricing
  • profit maximisation

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering

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