A holding cost bound for the economic lot-sizing problem with time-invariant cost parameters
March 2009
Article
volume 37, issue 2 pp 102-106.
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We show that in an optimal solution of the economic lot-sizing problem the total holding cost in an order interval is bounded from above by a quantity proportional to the setup cost and the logarithm of the number of periods in the interval. We present two applications of this result.
Keywords
- Lot-sizing
- Heuristics
- Cost parameters
- Heuristic methods
- Time invariants
- Algebra
- Costs
- Holding cost bound
- Lot-sizing problems
- Optimal solutions
- Set-up costs
