A note on a lot sizing heuristic for deteriorating items with time-varyingdemands and shortages

Citation
Bc. Giri et al., A note on a lot sizing heuristic for deteriorating items with time-varyingdemands and shortages, COMPUT OPER, 27(6), 2000, pp. 495-505
Citations number
20
Categorie Soggetti
Engineering Management /General
Journal title
COMPUTERS & OPERATIONS RESEARCH
ISSN journal
03050548 → ACNP
Volume
27
Issue
6
Year of publication
2000
Pages
495 - 505
Database
ISI
SICI code
0305-0548(200005)27:6<495:ANOALS>2.0.ZU;2-2
Abstract
In the present article, an existing heuristic procedure is applied to an in ventory of deteriorating items with (i) linearly and (ii) exponentially tim e-varying demands and shortages over a fixed planning horizon. In a similar problem, Hariga and Al-Alyan [Hariga RI, Al-Alyan A. A lot sizing heuristi c for deteriorating items with shortages in growing and declining markets. Computers & Operations Research 1997;24:1075-83] allowed shortages in all c ycles except in the last one (policy-B). Here shortages are considered in e ach cycle and are completely backlogged (policy-A). The successive scheduli ng periods over an infinite time horizon are adjusted for a finite planning horizon following different adjustment policies (APs) that are proposed in an algorithmic form. Numerical examples are taken from Hariga and Al-Alyan [20] to show that the replenishment policy-A results in a lower average sy stem cost than that of policy-B in both types of demand patterns. It is als o found that the approximate results under the policy-A are closely associa ted with those of the optimal ones.