Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
481548 | European Journal of Operational Research | 2011 | 11 Pages |
Abstract
This paper deals with the single-item dynamic uncapacitated lot sizing problem with random demand. We propose a model based on the “static uncertainty” strategy of Bookbinder and Tan (1988). In contrast to these authors, we use exact expressions for the inventory costs and we apply a fillrate constraint. We present an exact solution method and modify several well-known dynamic lot sizing heuristics such that they can be applied for the case of dynamic stochastic demands. A numerical experiment shows that there are significant differences in the performance of the heuristics whereat the ranking of the heuristics is different from that reported for the case of deterministic demand.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Horst Tempelmeier, Sascha Herpers,