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Multi-Period Lot-Sizing with Stationary Demand: Extension to Forecast Horizons

In: Handbook of EOQ Inventory Problems

Author

Listed:
  • Suresh Chand

    (Purdue University)

  • Suresh Sethi

    (The University of Texas at Dallas)

Abstract

This chapter considers the multi-period lot-sizing problem with stationary demands in the initial few periods and possibly dynamic demands in the subsequent periods. Both the average cost and the discounted cost problems are considered. Also, both finite and infinite-horizon problems are considered. The results presented in this chapter include properties of optimal solutions for these problems, efficient algorithms for solving these, and the forecast horizon property. Most of the results in the chapter are based on the research done by the authors of this chapter and their co-authors over the past three decades. An attempt has been made to make the review in the chapter largely complete and self contained and proofs have been simplified where possible.

Suggested Citation

  • Suresh Chand & Suresh Sethi, 2014. "Multi-Period Lot-Sizing with Stationary Demand: Extension to Forecast Horizons," International Series in Operations Research & Management Science, in: Tsan-Ming Choi (ed.), Handbook of EOQ Inventory Problems, edition 127, pages 23-42, Springer.
  • Handle: RePEc:spr:isochp:978-1-4614-7639-9_2
    DOI: 10.1007/978-1-4614-7639-9_2
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    Cited by:

    1. Yongjian Li & Xiaoqiang Cai & Lei Xu & Wenxia Yang, 2016. "Heuristic approach on dynamic lot-sizing model for durable products with end-of-use constraints," Annals of Operations Research, Springer, vol. 242(2), pages 265-283, July.
    2. Fabian Dunke & Stefan Nickel, 2021. "Online optimization with gradual look-ahead," Operational Research, Springer, vol. 21(4), pages 2489-2523, December.

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