Production strategies for a stochastic lot-sizing problem with constant capacity

Article Abstract:

A single item capacitated stochastic lot-sizing problem is analyzed. The model is motivated by a Dutch company operating in a Make-To-Order environment. The problem is modeled as a Markov Decision Process with discrete state and time space to compensate for uncertainty in amount and time of receipt of orders. The extension of a production heuristic proposed by Dellaert (1989) is appropriate for solving the problem, especially when production capacity is tight and demand variability is low.

Management, Stochastic processes, Economic lot size, Industrial capacity

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Minmax earliness-tardiness costs with unit processing time jobs

Article Abstract:

Research is presented describing the study of scheduling problems to determine the impact of poor time keeping on productivity and business efficiency.

Operations research, Management science, Study and teaching, Heuristic, Time and motion study, Time and motion studies, Heuristics (Psychology)

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