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Exact and Asymptotically Exact Solutions for a Class of Assortment Problems
Mass customization requires us to select a few types of resources to produce heterogeneous classes of products. In the assortment problem addressed here, a resource unit of type j yields, at a cost c ij , a batch of a ij product units of type i . The problem, a generalization of the p -median, calls...
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Published in: | INFORMS journal on computing 2009-12, Vol.21 (1), p.13-25 |
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Main Authors: | , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that this one cites Items that cite this one |
Online Access: | Get full text |
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Summary: | Mass customization requires us to select a few types of resources to produce heterogeneous classes of products. In the assortment problem addressed here, a resource unit of type j yields, at a cost c ij , a batch of a ij product units of type i . The problem, a generalization of the p -median, calls for (i) choosing a restricted subset of resource types and (ii) assigning resource units to products so as to fulfill a given demand vector at a minimum cost. For this problem, we develop a branch-and-price scheme that can either be used to find optimal solutions, or tuned by choosing columns in a suitable class so as to get approximate solutions. The solutions obtained in the second case approach the optimum by a ratio that asymptotically reduces to zero as the demand of the least-required product increases. A comparative analysis of the features of the algorithm is discussed for a wide set of large problem instances. |
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ISSN: | 1091-9856 1526-5528 1091-9856 |
DOI: | 10.1287/ijoc.1080.0274 |