We analyze a joint pricing and inventory control problem for a perishable product with a fixed lifetime over a finite horizon. In each period, demand depends on the price of the current period plus an additive random term. Inventories can be intentionally disposed of and those that reach their lifetime have to be disposed of. The objective is to find a joint pricing, ordering, and disposal poli...

In this paper an integrated lot-sizing and scheduling problem in a flexible job shop environment with machine-capacity-constraint is studied. The main objective is to minimize the total cost which includes the inventory costs, production costs and the costs of machine’s idle times. First, a new mixed integer programming model,with small bucket time approach,based onProportional Lot sizing and S...

Collaborative filtering is the most famous and adopted recommendation algorithm, which recommends items by identifying other similar users, in case of userbased collaborative filtering, or similar items, in case of item-based collaborative filtering. Significance weighting schemes assign different weights to neighboring users/items found against an active user/item. In this paper, we claim that...

Motivated by the widespread adoption of dynamic pricing in industry and the empirical evidence of costly price adjustments, in this paper we consider a periodic-review inventory model with price adjustment costs that consist of both fixed and variable components. In each period, demand is stochastic and price-dependent. The firm needs to coordinate the pricing and inventory replenishment decisi...

We consider two-dimensional rectangular strip packing without rotation of items and without the guillotine cutting constraint. We propose a single-pass heuristic which fills every free space in a onedimensional knapsack fashion, i.e. considering only item widths. It appears especially important to assign suitable heuristic “pseudo-values” as profits in this knapsack problem. This simple heurist...

We study inventory control for rental operations in a closed-loop supply chain. In such a system (e.g., Netflix), customers create online queues in a service provider’s website to indicate the items that they would like to rent. Leveraging this advance demand information, we propose effective forecast models and formulate a multi-item inventory control problem. We prove that the (L,U) policy is...

A Two-phase model for configuring a cellular manufacturing system is proposed. In phase (I), for the first time, number of cells is considered as a decision variable. In phase (II), pursing two different objectives, one minimization of underload and the other, maximization of similarity of parts within a group, the design procedure is performed. As one cannot have these two objects together, a ...

In this paper, we propose a new greedy-like heuristic method, which is primarily intended for the general MDKP, but proves itself effective also for the 0-1 MDKP. Our heuristic differs from the existing greedy-like heuristics in two aspects. First, existing heuristics rely on each item’s aggregate consumption of resources to make item selection decisions, whereas our heuristic uses the effectiv...

In this study an efficient meta-heuristic is proposed for layout optimization of truss structures by combining cellular automata (CA) and firefly algorithm (FA). In the proposed meta-heuristic, called here as cellular automata firefly algorithm (CAFA), a new equation is presented for position updating of fireflies based on the concept of CA. Two benchmark examples of truss structures are presen...