IMPACT OF DYNAMIC HUMAN AND TECHNOLOGICAL RESOURCE COST ON LOT SIZE OPTIMIZATION
DOI:
https://doi.org/10.20998/2078-7405.2024.100.03Keywords:
lot sizing, production planning and scheduling, cost minimization, modellingAbstract
The design methods of production systems have evolved significantly in recent decades. New methods have emerged that are capable of determining the optimal parameters of production systems operating in increasingly complex environments. The two best known methods for lot sizing problems are the Wagner-Whitin algorithm and the Silver-Meal heuristics. The original versions of these two methods are only suitable for solving simple lot sizing problems, but there are several complex mutations of these methods that allow solving complex lot sizing problems. In the present research, the author presents a modified Wagner-Whitin algorithm that is suitable for solving the lot sizing problem and also for investigating the impact of dynamically changing resource costs. The proposed method is validated through case studies. The case studies demonstrate that the dynamic nature of cost of human resources and technological resources has a significant impact on the solution of lot sizing problems.
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