A particle swarm optimization for solving joint pricing and lot-sizing problem with fluctuating demand and unit purchasing cost.
Chung-Yuan DyeTsu-Pang HsiehPublished in: Comput. Math. Appl. (2010)
Keyphrases
- lot sizing
- periodic review
- inventory systems
- particle swarm optimization
- setup cost
- single item
- fixed cost
- lot size
- multi item
- lead time
- planning horizon
- single product
- inventory policy
- holding cost
- mixed integer program
- multistage
- multi period
- rolling horizon
- total cost
- cutting stock
- assembly systems
- production planning
- lost sales
- expected cost
- single stage
- replenishment policy
- inventory control
- supply chain
- production rate
- ordering cost
- mixed integer
- mixed integer programming
- setup times
- inventory models
- long run
- revenue management
- order quantity
- customer demand
- service level
- dynamic pricing
- scheduling problem
- multi objective
- inventory level
- upper bound
- capacity expansion
- infinite horizon
- average cost
- objective function