Löhndorf, Nils, Riel, Manuel, Minner, Stefan. 2014. Simulation Optimization for the Stochastic Economic Lot Scheduling Problem with Sequence-Dependent Setup Times. International Journal of Production Economics 157, 170-176.
BibTeX
Abstract
We consider the stochastic economic lot scheduling problem (SELSP) with lost sales and random demand, where switching between products is subject to sequence-dependent setup times. We propose a solution based on simulation optimization using an iterative two-step procedure which combines global policy search with local search heuristics for the traveling salesman sequencing subproblem. To optimize the production cycle, we compare two criteria: minimizing total setup times and evenly distributing setups to obtain a more regular production cycle. Based on a numerical study, we find that a policy with a balanced production cycle outperforms other policies with unbalanced cycles.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | International Journal of Production Economics |
Citation Index | SCI |
WU Journalrating 2009 | A |
WU-Journal-Rating new | FIN-A, INF-A, STRAT-B, VW-B, WH-B |
Language | English |
Title | Simulation Optimization for the Stochastic Economic Lot Scheduling Problem with Sequence-Dependent Setup Times |
Volume | 157 |
Year | 2014 |
Page from | 170 |
Page to | 176 |
Reviewed? | Y |
URL | http://www.sciencedirect.com/science/article/pii/S0925527314001625 |
DOI | http://dx.doi.org/10.1016/j.ijpe.2014.05.006 |
Associations
- People
- Löhndorf, Nils (Former researcher)
- External
- Minner, Stefan (Technische Universität München, Germany)
- Riel, Manuel
- Organization
- Institute for Production Management (Taudes) (Details)