A holding cost bound for the economic lot-sizing problem with time-invariant cost parameters

van den Heuvel, Wilco; Wagelmans, Albert

doi:10.1016/j.orl.2008.12.006

W. van den Heuvel (Wilco) and A.P.M. Wagelmans (Albert)

2009-03-01

A holding cost bound for the economic lot-sizing problem with time-invariant cost parameters

Operations Research Letters , Volume 37 - Issue 2 p. 102- 106

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.

Additional Metadata
Keywords	Algebra, Cost parameters, Costs, Heuristic methods, Heuristics, Holding cost bound, Lot-sizing, Lot-sizing problems, Optimal solutions, Set-up costs, Time invariants
Persistent URL	doi.org/10.1016/j.orl.2008.12.006, hdl.handle.net/1765/18357
Series	ERIM Article Series (EAS) , Econometric Institute Reprint Series
Journal	Operations Research Letters
Organisation	Erasmus Research Institute of Management
Citation APA Style AAA Style APA Style Cell Style Chicago Style Harvard Style IEEE Style MLA Style Nature Style Vancouver Style American-Institute-of-Physics Style Council-of-Science-Editors Style BibTex Format Endnote Format RIS Format CSL Format DOIs only Format	van den Heuvel, W., & Wagelmans, A. (2009). A holding cost bound for the economic lot-sizing problem with time-invariant cost parameters. Operations Research Letters, 37(2), 102–106. doi:10.1016/j.orl.2008.12.006

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