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A Perfect Algorithm for the Capacitated Lot Size Model with Stockouts

  • Michael Bastian
  • Michael Volkmer
Chapter

Abstract

For the single-product capacitated dynamic lot size problem with stockouts, a procedure is proposed that detects the optimal first lot size at the earliest possible moment. The proposed algorithm uses the data structure of a dynamic tree, in which long run potential optimal policies are represented by paths and each production decision by a node. Starting with a horizon t = 1 the procedure successively increases t and eliminates in each iteration t all decisions that are not part of an optimal policy using data of the first t periods.

Keywords

Optimal Policy Capacity Constraint Active Node Setup Cost Production Decision 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1998

Authors and Affiliations

  • Michael Bastian
    • 1
  • Michael Volkmer
    • 1
  1. 1.Lehrstuhl für WirtschaftsinformatikRWTH AachenGermany

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