The Multi-Product Production Cycling Problem: Testing of Heuristics.
MASSACHUSETTS INST OF TECH CAMBRIDGE OPERATIONS RESEARCH CENTER
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The multi-product production cycling problem is concerned with the determination of a productioninventory 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
- Operations Research
- Manufacturing and Industrial Engineering and Control of Production Systems