Name
Title | ||
|---|---|---|
Integrated market selection and production planning: complexity and solution approaches. |
Abstract | ||
|---|---|---|
Emphasis on effective demand management is becoming increasingly recognized as an important factor in operations performance. Operations models that account for supply costs and constraints as well as a supplier’s ability to influence demand characteristics can lead to an improved match between supply and demand. This paper presents a class of optimization models that allow a supplier to select, from a set of potential markets, those markets that provide maximum profit when production/procurement economies of scale exist in the supply process. The resulting optimization problem we study possesses an interesting structure and we show that although the general problem is \({\mathcal{NP}}\)-complete, a number of relevant and practical special cases can be solved in polynomial time. We also provide a computationally very efficient and intuitively attractive heuristic solution procedure that performs extremely well on a large number of test instances. |
Year | DOI | Venue |
|---|---|---|
2012 | 10.1007/s10107-011-0441-7 | Math. Program. |
Keywords | Field | DocType |
economies of scale,polynomial time,demand management,complexity,profitability,supply and demand,optimization problem | Heuristic,Mathematical optimization,Effective demand,Production planning,Demand management,Procurement,Supply and demand,Time complexity,Optimization problem,Mathematics | Journal |
Volume | Issue | ISSN |
134 | 2 | 1436-4646 |
Citations | PageRank | References |
8 | 0.55 | 16 |
Authors | ||
6 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Wilco Van Den Heuvel | 1 | 111 | 10.45 |
| O. Erhun Kundakcioglu | 2 | 18 | 3.79 |
| Joseph Geunes | 3 | 308 | 28.72 |
| H. Edwin Romeijn | 4 | 769 | 83.88 |
| Thomas C. Sharkey | 5 | 101 | 11.80 |
| Albert P. M. Wagelmans | 6 | 375 | 30.12 |