Note—A Dominance Relation in Dynamic Lot Sizing
Published Online:1 Jun 1975https://doi.org/10.1287/mnsc.21.10.1206
Abstract
A computationally efficient forward algorithm for the Economic Lot Size Model is developed. It uses a Dominance Relation and the Ordering Cost to limit the solution space. The Dominance Relation developed includes the standard planning horizon theorem. Extensions for price breaks and monotonically nonincreasing production costs are presented.
