Abstract
This paper proposes two cost-modification procedures designed to improve the synchronization of lot-sizing decisions among levels, in any product structure. One of these cost-modification procedures includes a random variable since ordering a given item does not imply a new order for this item's components with certainty. Simulation results confirm the superiority of the randomized cumulative Wagner-Whitin algorithm over the existing techniques included in this study.
| Original language | English |
|---|---|
| Pages (from-to) | 1137-1152 |
| Number of pages | 16 |
| Journal | Journal Europeén des Systèmes Automatisés |
| Volume | 34 |
| Issue number | 9 |
| Publication status | Published - 1 Nov 2000 |
Keywords
- Component commonality
- General product structures
- Heuristics
- Material requirements planning
- Multi-level lot-sizing
- Random cost modification