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Solution Approach to Cutting Stock Problems Using Iterative Trim Loss Algorithm and Monte-Carlo Simulation

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  • Özge Köksal
  • Ergün Eroğlu

Abstract

Cutting Stock Problems are the most studied NP-Hard combinatorial problems among optimization problems. An One-dimensional Cutting Stock Problem (1-CSP), which aims to create cutting patterns to minimize trim loss, is one of the best known optimization problems. The difficulty of the solution stages and the lack of a definite solution method that can be applied to all problems have caused these problems to attract a lot of attention by researchers. This study includes a hybrid solution algorithm combined with iterative trim loss algorithm and Monte Carlo simulations, and a comparative study of the method with the solution methods in the literature, for the solution of orders to be obtained with minimum cutting loss from the same type of stocks.

Suggested Citation

  • Özge Köksal & Ergün Eroğlu, 2023. "Solution Approach to Cutting Stock Problems Using Iterative Trim Loss Algorithm and Monte-Carlo Simulation," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 11(2), pages 125-136, December.
  • Handle: RePEc:anm:alpnmr:v:11:y:2023:i:2:p:125-136
    DOI: https://doi.org/10.17093/alphanumeric.1293487
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    References listed on IDEAS

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    1. P. C. Gilmore & R. E. Gomory, 1966. "The Theory and Computation of Knapsack Functions," Operations Research, INFORMS, vol. 14(6), pages 1045-1074, December.
    2. J Levine & F Ducatelle, 2004. "Ant colony optimization and local search for bin packing and cutting stock problems," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 55(7), pages 705-716, July.
    3. P. C. Gilmore & R. E. Gomory, 1963. "A Linear Programming Approach to the Cutting Stock Problem---Part II," Operations Research, INFORMS, vol. 11(6), pages 863-888, December.
    4. P. C. Gilmore & R. E. Gomory, 1965. "Multistage Cutting Stock Problems of Two and More Dimensions," Operations Research, INFORMS, vol. 13(1), pages 94-120, February.
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    More about this item

    Keywords

    Combinatorial Optimization; Cutting Stock Problems; NP-Hard;
    All these keywords.

    JEL classification:

    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions

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