Planning Horizons for the Dynamic Lot Size Model with Backlogging
- 1 November 1974
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 21 (3) , 251-255
- https://doi.org/10.1287/mnsc.21.3.251
Abstract
Planning horizons are developed for the dynamic economic lot site model with backlogging when the marginal production cost is either constant or variable. The inventory holding and backlogging cost functions are assumed to be concave. An efficient forward algorithm generalizes the Eppen-Gould-Pashigian procedure and enables us to place bounds on the optimal production plan should a horizon not be found.Keywords
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