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A dynamic lot-sizing-based profit maximization discounted cash flow model considering working capital requirement financing cost with infinite production capacity
Abstract : In times of crisis, companies need free cash flow to efficiently react against all uncertainty to ensure solvency. However, classical dynamic lot-sizing models only consider the physical flow of goods. In this paper, we introduce a first link between dynamic lot-sizing and the financial aspects of working capital requirements (WCR). We propose a new generic WCR model which allows us to evaluate the company's financial situation throughout the planning horizon. Moreover, a dynamic lot-sizing-based, discounted cash flow model is established for single-site, single-level, single-product and infinite capacity cases. It is shown that the zero-inventory ordering property holds for this case and thus a polynomial-time algorithm may be utilized. Numerical tests are presented in order to show the relevance of our approach compared with the traditional dynamic lot-sizing model.
Cited literature [50 references]
https://halshs.archives-ouvertes.fr/halshs-01683781
Contributor : Anne l'Azou <>
Submitted on : Sunday, January 14, 2018 - 6:40:06 PM
Last modification on : Thursday, March 5, 2020 - 3:34:41 PM
Document(s) archivé(s) le : Sunday, May 6, 2018 - 2:13:51 PM
Contributor : Anne l'Azou <>
Submitted on : Sunday, January 14, 2018 - 6:40:06 PM
Last modification on : Thursday, March 5, 2020 - 3:34:41 PM
Document(s) archivé(s) le : Sunday, May 6, 2018 - 2:13:51 PM
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