Multiple products, multiple constraints, single period inventory problem: a hierarchical solution procedure
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Date
2010-03-31Author
Kumar, Satyendra
Rao, V. Venkata
Tirupati, Devanath
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This paper presents the formulation and a hierarchical solution procedure of multiple
products, multiple constraints, single period inventory problem. The hierarchical
procedure decomposes the problem into a number of sub-problems equal to the number
of constraints sets. Each sub-problem is solved optimally by applying Lagrange
multipliers and satisfying Kuhn-Tucker conditions. The experimental results show that
the hierarchical procedure performs well even when there are large a number of
products and constraints.
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