Dynamic economic lot size models with period-pair-dependent backorder and inventory costs

Authors
Citation
Vn. Hsu et Tj. Lowe, Dynamic economic lot size models with period-pair-dependent backorder and inventory costs, OPERAT RES, 49(2), 2001, pp. 316-321
Citations number
5
Categorie Soggetti
Engineering Mathematics
Journal title
OPERATIONS RESEARCH
ISSN journal
0030364X → ACNP
Volume
49
Issue
2
Year of publication
2001
Pages
316 - 321
Database
ISI
SICI code
0030-364X(200103/04)49:2<316:DELSMW>2.0.ZU;2-7
Abstract
Inventory and backorder cost functions in the classical Wagner-Whitin econo mic lot size (ELS) models are typically period-pair-independent (pp-indepen dent) in the sense that inventoried units carried (or backorders in existen ce) in a given period are treated tile same regardless of the periods in wh ich they are produced (placed) or the periods, in which they are used (fill ed). we consider versions of tile problem where inventory and backorder cos ts are pp-dependent as well as versions where backorder costs, but not inve ntory costs, are pp-dependent. Recognizing that the problems considered are NP-hard. a e provide cases where the cost structure allows polynomial solv ability via dynamic programming.