Table 2.
Optimal | % Profit Gap | ||||||||
Unconstrained Model | Policy-1 | Policy-2 | Policy-3 | ||||||
Average | 17.45 | 19.75 | 0.89 | 11.59 | 8.16 | 1.43 | 47.61% | 5.12% | 28.60% |
Max | 20.00 | 23.00 | 1.11 | 14.00 | 10.00 | 1.86 | 83.31% | 18.31% | 53.08% |
Min | 15.00 | 17.00 | 0.71 | 9.00 | 6.00 | 1.11 | 25.40% | 0.00% | 12.81% |
Heuristic-1 | % Profit Gap | ||||||||
Model with Capacity Constraint | Policy-1 | Policy-2 | Policy-3 | ||||||
Average | 15.28 | 16.71 | 0.92 | 9.94 | 6.76 | 1.49 | 43.25% | 6.20% | 27.94% |
Max | 18.00 | 20.00 | 1.14 | 12.00 | 9.00 | 2.20 | 82.79% | 24.33% | 53.14% |
Min | 13.00 | 14.00 | 0.70 | 8.00 | 5.00 | 1.11 | 16.31% | 0.00% | 7.93% |
Heuristic-2 | % Profit Gap | ||||||||
Model with Time Constraint | Policy-1 | Policy-2 | Policy-3 | ||||||
Average | 16.50 | 19.25 | 0.86 | 11.30 | 7.95 | 1.43 | 47.58% | 9.97% | 28.57% |
Max | 20.00 | 23.00 | 1.11 | 14.00 | 10.00 | 2.00 | 86.77% | 31.28% | 58.69% |
Min | 14.00 | 16.00 | 0.64 | 9.00 | 6.00 | 1.11 | 25.20% | 0.95% | 10.88% |