Table 3.
Optimal | % Profit Gap | ||||||||
Unconstrained Model | Policy-1 | Policy-2 | Policy-3 | ||||||
Average | 17.41 | 19.74 | 0.89 | 11.61 | 8.12 | 1.47 | 50.69% | 7.88% | 31.41% |
Max | 22.00 | 25.00 | 1.27 | 17.00 | 12.00 | 2.43 | 106.90% | 50.33% | 81.14% |
Min | 13.00 | 15.00 | 0.62 | 7.00 | 5.00 | 0.88 | 12.34% | 0.00% | 3.56% |
Heuristic-1 | % Profit Gap | ||||||||
Model with Capacity Constraint | Policy-1 | Policy-2 | Policy-3 | ||||||
Average | 15.10 | 16.61 | 0.92 | 9.90 | 6.71 | 1.54 | 47.83% | 9.71% | 31.07% |
Max | 20.00 | 21.00 | 1.50 | 14.00 | 10.00 | 3.33 | 105.82% | 65.40% | 81.58% |
Min | 10.00 | 12.00 | 0.50 | 6.00 | 3.00 | 0.88 | 3.43% | 0.00% | 0.00% |
Heuristic-2 | % Profit Gap | ||||||||
Model with Time Constraint | Policy-1 | Policy-2 | Policy-3 | ||||||
Average | 16.15 | 19.05 | 0.86 | 11.24 | 7.80 | 1.49 | 52.66% | 15.00% | 33.45% |
Max | 21.00 | 25.00 | 1.29 | 17.00 | 12.00 | 2.60 | 110.39% | 71.08% | 96.46% |
Min | 13.00 | 14.00 | 0.54 | 7.00 | 5.00 | 0.88 | 11.44% | 0.00% | 3.08% |