Template-type: ReDif-Paper 1.0
Author-Name: Hoesel,C.P.M.,van
Author-Name: Wagelmans,A.P.M.
Author-workplace-name: METEOR
Title: An O ( T ³) algorithm for the economic lot-sizing problem with constant capacities
Abstract: We develop an algorithm that solves the constant capacities economic lot-sizing problem with concave production costs and linear holding costs in O(T³) time. The algorithm is based on the standard dynamic programming approach which requires the computation of the minimal costs for all possible subplans of the production plan. Instead of computing these costs in a straightforward manner, we use structural properties of optimal subplans to arrive at a more efficient implementation. Our algorithm improves upon the O(T4) running time of an earlier algorithm.
Keywords: mathematical economics and econometrics ; 
Series: Research Memoranda
Creation-Date: 1995
Number: 005
File-URL: http://arnop.unimaas.nl/show.cgi?fid=488
File-Format: application/pdf
File-Size: 210240
Handle: RePEc:unm:umamet:1995005