A heuristic approach for a multi-product capacitated lot-sizing problem with pricing |
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| Authors: | Rosa G. González-Ramírez Ronald G. Askin |
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| Affiliation: | 1. School of Industrial Engineering, Pontificia Universidad Católica de Valparaíso , Avenida Brasil 2241 , Valparaíso , Chile;2. School of Computing, Informatics and Decision Systems Engineering, Arizona State University , PO Box 875906, Tempe , Arizona 85287 , USA |
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| Abstract: | We address a multi-product capacitated lot-sizing problem with pricing. The objective is to maximise profit. The problem extends the multi-product capacitated lot-sizing problem (CLSP) found in the literature to include price as a decision variable, demand as a function of price, setup time, and more general holding costs. We present a heuristic procedure that can be used to solve large problem instances quickly with good solution quality. The results of computational testing are presented. |
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| Keywords: | decomposition economic lot-sizing profit maximisation pricing |
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