Note—On Madigan's Approach to the Deterministic Multi-Product Production and Inventory Problem | Zendy

Kenneth R. Baker | Zendy

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Note—On Madigan's Approach to the Deterministic Multi-Product Production and Inventory Problem

Author(s) -

Kenneth R. Baker

Publication year - 1970

Publication title -

management science

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 4.954

H-Index - 255

eISSN - 1526-5501

pISSN - 0025-1909

DOI - 10.1287/mnsc.16.9.636

Subject(s) - product (mathematics) , production planning , computer science , production (economics) , mathematical optimization , heuristic , scheduling (production processes) , inventory management , operations research , single machine scheduling , job shop scheduling , operations management , mathematics , economics , schedule , geometry , macroeconomics , operating system

The deterministic multi-product single-machine production and inventory problem is one of the simplest models in which production and inventory factors interact. There is at present no algorithm available which solves the problem optimally, and several different types of approaches have been presented in the literature. Madigan's heuristic method [Madigan, J. G. 1968. Scheduling a multi-product single machine system for an infinite planning period. Management Sci. 14(11, July) 713-719.] avoided some of the drawbacks characteristic of other methods, but there are some errors and limitations in his original presentation, to which this note is addressed.

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