A hybrid algorithm for solving the economic lot and delivery scheduling problem in the common cycle case
The ELDSP problem is a combined lot sizing and sequencing problem. A supplier produces and delivers components of different types to a consumer in batches. The task is to determine the cycle time, i.e., the time between deliveries, which minimizes the total cost per time unit. This includes the determination of the production sequence of the component types within each cycle. We investigate the computational behavior of two published algorithms, a heuristic and an optimal algorithm. With large number of component types, the optimal algorithm has long running times. We devise a hybrid algorithm, which is both optimal and efficient.
scheduling lot sizing inventory