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

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

doi:10.1080/00207540903524482

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 journal › Article › peer-review

30 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 language	English (US)
Pages (from-to)	1173-1196
Number of pages	24
Journal	International Journal of Production Research
Volume	49
Issue number	4
DOIs	https://doi.org/10.1080/00207540903524482
State	Published - 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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10.1080/00207540903524482

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AU - Askin, Ronald

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

Abstract

Keywords

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