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A Dynamic Programming Approach to a Lot Size Scheduling Problem

Author

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  • Earl E. Bomberger

    (The Budd Company, Philadelphia)

Abstract

The problem considered is that of scheduling the production of several different items over the same facility on a repetitive basis. The facility is such that only one item can be produced at a time; there is a setup cost and a setup time associated with producing each item; the demand rate for each item is known and constant over an infinite planning horizon, and all demand must be met. A dynamic programming solution is developed. This solution is applied to a sample problem, and the results are compared with pertinent bounds.

Suggested Citation

  • Earl E. Bomberger, 1966. "A Dynamic Programming Approach to a Lot Size Scheduling Problem," Management Science, INFORMS, vol. 12(11), pages 778-784, July.
    • Handle: RePEc:inm:ormnsc:v:12:y:1966:i:11:p:778-784
    DOI: 10.1287/mnsc.12.11.778
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