Dynamic programming with priority models for production planning with a central warehouse
Dynamic programming with priority models for production planning with a central warehouse
This paper studies a production planning problem. A large soft-drink company in Hong Kong aims at finding a production planning model so as to minimize its inventory build-up and to maximize the demand satisfaction. We formulate the problem by using dynamic programming techniques. We further propose a heuristics model called Priority Model to reduce the computational complexity of this dynamic programming approach. Computational results based on real data sets are given to illustrate the effectiveness of our method.
mathematical modeling, inventory control, production planning, product mix, dynamic programming, heuristic model
So, M.C.
c6922ccf-547b-485e-8b74-a9271e6225a2
9 January 2003
So, M.C.
c6922ccf-547b-485e-8b74-a9271e6225a2
So, M.C.
(2003)
Dynamic programming with priority models for production planning with a central warehouse.
ORG Student Seminars.
13 pp
.
Record type:
Conference or Workshop Item
(Paper)
Abstract
This paper studies a production planning problem. A large soft-drink company in Hong Kong aims at finding a production planning model so as to minimize its inventory build-up and to maximize the demand satisfaction. We formulate the problem by using dynamic programming techniques. We further propose a heuristics model called Priority Model to reduce the computational complexity of this dynamic programming approach. Computational results based on real data sets are given to illustrate the effectiveness of our method.
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Published date: 9 January 2003
Venue - Dates:
ORG Student Seminars, 2003-01-09
Keywords:
mathematical modeling, inventory control, production planning, product mix, dynamic programming, heuristic model
Identifiers
Local EPrints ID: 181741
URI: http://eprints.soton.ac.uk/id/eprint/181741
PURE UUID: ea165588-1395-4ada-8375-b8ad31c48644
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Date deposited: 18 May 2011 15:43
Last modified: 11 Dec 2021 04:16
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