Management Science · 1959 · 55 citations · 1 references
Natural SciencesIndustrial EngineeringMathematicsInventory ControlOptimizationProduction EconomicsAssortment OptimizationCombinatorial OptimizationDynamic ProgrammingInteger ProgrammingLot SizingTransportation ProblemsDynamic Programming PrinciplesEconomic Lot SizingLot Size AnalysisSteel Structural SystemsStructural SteelStructural Steel Design
The paper deals with the assortment problem in a particular case—that of structural steel beams. Using the dynamic programming technique we show that this assortment problem is equivalent to the economic lot size problem and also to the routing problem.
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Richard Bellman · Quarterly of Applied Mathematics · 1958 · 2.7K citations · Full text