Solving of the economic lot scheduling problem using a power of two based policy

• Main Author: Dhivya Chandrasekaran
• Other Authors: Viswanathan, S
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Operations management::Business planning
• Online Access: http://hdl.handle.net/10356/8394
• Institution: Nanyang Technological University

In this project, we propose an algorithm that starts with the Common Cycle time solution which guarantees feasibility to the schedule generated and then improve upon this solution to minimize the cost of production. The power of two based heuristic policy is used to improve the Common Cycle Time sol...