Abstract
In this paper we suggest a hybridization scheme to solve Economic Lot Scheduling Problem (ELSP) using basic period approach. We proposed a hybrid approach based on Tabu Search (TS) optimization to find the optimum value of ki's and Golden Section Search (GSS) with parabolic interpolation to find the optimum value of basic period T. The proposed hybridized scheme is compared with the best known Genetic Algorithm (GA) [4] on Bomberger's dataset [1]. This hybrid approach is found competitive and efficient in solving Economic Lot Scheduling Problem and outperform the Genetic Algorithm on problems with higher machine utilization.
| Original language | English |
|---|---|
| Pages (from-to) | 303-309 |
| Number of pages | 7 |
| Journal | Life Science Journal |
| Volume | 10 |
| Issue number | 3 |
| State | Published - Jul 2013 |
| Externally published | Yes |
Keywords
- Basic period approach
- Economic lot scheduling problem
- Golden section search
- Tabu search
ASJC Scopus subject areas
- General Biochemistry, Genetics and Molecular Biology