Dynamic Version of the Economic Lot Size Model

By H. M. Wagner, T. M. Whitin. Management Sciences, 2004

1,835 citations recorded by the source corpus.

Subfields: Management Information Systems

View Paper: https://www.semanticscholar.org/paper/831e6a3edba368604297f3164855146a376d33c9

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Management Information Systems

Citations in the corpus

Sustainable supplier selection and order lot-sizing: an integrated multi-objective decision-making process (2015, methodology): “Integration of lot-sizing models (as well-known problems in the production and inventory management literature developed by Wagner and Whitin (1958)) and supplier selection has recently achieved great attention among researchers.”
Dynamic lot size problems with one-way product substitution (2005, methodology): “Our DLS problems belong to a class of multi-product DLS problems, which are generalizations of the classical single-item Wagner–Whitin DLS problem (Wagner and Whitin 1958).”
Improved solutions for inventory-routing problems through valid inequalities and input ordering (2014, methodology): “For the case of non-constant demands, the classical reference is the paper of Wagner and Whitin [25] which generalizes the EOQ model to the dynamic lot sizing problem.”
Two-phase heuristic for disassembly scheduling with multiple product types and parts commonality (2006, methodology): “The dynamic programming algorithm, which is a modified version of the Wagner and Whitin algorithm for the single item economic lot-sizing problem (Wagner and Whitin 1958), is applied to each parent item, i.e. a sequential application from the root item to the last parent item in the disassembly…”
Multi-product inventory planning with downward substitution, stochastic demand and setup costs (2004, background): “This downward substitution structure occurs in several practical settings such as semiconductor chips (see Hsu and Bassok, 1999) where a faster processor can be substituted for a slower processor, memory chips (Leachman, 1987) and in the steel industry (Wagner and Whitin, 1958).”
Models and algorithms for the dynamic-demand joint replenishment problem (2004, background): “The next two properties are also due to Wagner and Within (1958): .”
A century of evolution from Harris׳s basic lot size model: Survey and research agenda (2014, background): “One of the most well-known contributions is the dynamic version of the economic order quantity mentioned above (Wagner and Whitin 1958).”
Uncapacitated lot-sizing problem with production time windows, early productions, backlogs and lost sales (2011, background): “…solution could not be a dominant solution, which is a contradiction. œ 3.2 Extended Wagner–Whitin properties The following properties show that the well-known Wagner-Whitin based properties (Wagner and Whitin 1958) are not observed when considering early productions, backlogs and lost sales.”
A dynamic lot-sizing model with multi-mode replenishments: polynomial algorithms for special cases with dual and multiple modes (2005, methodology): “Therefore, each replenishment satisfies the demand incurred in some consecutive periods as in the classical problem in Wagner and Whitin (1958). The only difference in this case is that we also need to decide which mode to use for each replenishment.”
The stochastic dynamic production/inventory lot-sizing problem with service-level constraints (2004, methodology): “Exploiting the analogy between the deterministic model and the ‘‘static uncertainty’’ model, the replenishment periods can be determined by using dynamic programming (Wagner and Whitin, 1958), network flows (Zangwill, 1968) or integer programming (Karni, 1981).”
An Economic order quantity model for Items with Three-parameter Weibull distribution Deterioration, Ramp-type Demand and Shortages (2013, background): “Wagner and Whitin[4] developed a dynamic version of the classical EOQ model.”
Smart "Predict, then Optimize" (2017, background): “In inventory planning problems such as the economic lot sizing problem (Wagner and Whitin (1958)) or the joint replenishment problem (Levi et al. (2006)), the demand is the key input into the optimization model.”
The capacitated lot sizing problem: a review of models and algorithms (2003, background): “These drawbacks limit their implementation in industry and since these methods are based on Manne's formulation, which only considers Wagner–Whitin schedules, they may not obtain any feasible solution even though the original problem may be feasible.”