Comparison of eoq-independent lot-sizing heuristic rules

Edwin Tai Chiu Cheng; R. W.M. Siu

doi:10.1080/00207728908910127

Comparison of eoq-independent lot-sizing heuristic rules

Edwin Tai Chiu Cheng, R. W.M. Siu

Research output: Journal article publication › Journal article › Academic research › peer-review

4 Citations (Scopus)

Abstract

Four lot-sizing heuristic rules are presented that are truly simple and at the same time independent of economic order quantity (EOQ) assumptions. These rules are tested and compared against the Wagner-Whitin rule, an optimization rule based on dynamic programming, through the use of computer simulation. It is found that under a variety of tested environments some of the heuristics, despite being naive, are surprisingly effective in reducing the total cost. It is suggested that material requirements planning should give more consideration to simple lot-sizing heuristics.

Original language	English
Pages (from-to)	297-310
Number of pages	14
Journal	International Journal of Systems Science
Volume	20
Issue number	2
DOIs	https://doi.org/10.1080/00207728908910127
Publication status	Published - 1 Jan 1989
Externally published	Yes

ASJC Scopus subject areas

Control and Systems Engineering
Theoretical Computer Science
Computer Science Applications

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10.1080/00207728908910127

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Comparison of eoq-independent lot-sizing heuristic rules

Abstract

ASJC Scopus subject areas

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