The Multi-Product Production Cycling Problem: Testing of Heuristics.
Abstract
The multi-product production cycling problem is concerned with the determination of a production/inventory policy for a single capacitated production facility which is dedicated to producing a family of products. In an earlier paper, heuristic policies were proposed for various versions of the multi-product problem. This paper tests the effectiveness of these heuristics by simulation. It is seen that the proposed heuristic utilizing composite products and the lead-time adjustment, is the most effective of the heuristics considered over the set of test problems for the identical-product problem. Likewise, the composite product heuristic is the best heuristic for the identical-cost problem and the correlated demand problem. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1978
- Accession Number
- ADA053244
Entities
People
- Stephen C. Graves
Organizations
- Massachusetts Institute of Technology