Single Machine Scheduling Considering Time Value of Money

被引:0
|
作者
Zhi, Rongteng [1 ]
Xu, Yinfeng [1 ]
Zheng, Feifeng [1 ]
机构
[1] Donghua Univ, Glorious Sun Sch Business & Management, Shanghai, Peoples R China
来源
IFAC PAPERSONLINE | 2019年 / 52卷 / 13期
基金
美国国家科学基金会;
关键词
Single machine scheduling; Industry; 4.0; Time value of money; Tardiness cost; Genetic algorithm; TOTAL TARDINESS; ALGORITHM; INFLATION;
D O I
10.1016/j.ifacol.2019.11.242
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
Under the background of Industry 4.0, this paper studies the single machine scheduling problem by taking into account the time value of money and tardiness penalty. We establish a mixed integer nonlinear programming model for the considered problem, and then convert the above model into a novel integer linear programming model. Regarding the factor of time value of money, we mainly aim to find an optimal or near optimal processing sequence of the jobs such that the total future value of profits is maximized. We employ CPLEX to output optimal solutions for small-size instances. For large-size instances, we propose the genetic algorithm to produce near optimal solutions. (C) 2019, IFAC (International Federation of Automatic Control) Hosting by Elsevier Ltd. All rights reserved.
引用
收藏
页码:887 / 892
页数:6
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