Commenced in January 2007
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The Use of Minor Setups in an EPQ Model with Constrained Production Period Length
Authors: Behrouz Afshar Nadjafi
Abstract:
Extensive research has been devoted to economic production quantity (EPQ) problem. However, no attention has been paid to problems where production period length is constrained. In this paper, we address the problem of deciding the optimal production quantity and the number of minor setups within each cycle, in which, production period length is constrained but a minor setup is possible for pass the constraint. A mathematical model is developed and Iterated Local Search (ILS) is proposed to solve this problem. Finally, solution procedure illustrated with a numerical example and results are analyzed.Keywords: EPQ, Inventory control, minor setup, ILS.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1076390
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