Quotation 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.


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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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Publication's profile

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-C, 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
Produktionsmanagement (Taudes) (Details)
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