Computing Optimal Lot Sizes in the Economic Lot Scheduling Problem
Journal Article
This paper treats a version of the Economic Lot Scheduling Problem (ELSP) in which items may be produced several times in different amounts during a cycle. We show how to compute the optimal lot sizes and cycle length, given the sequence of items in a cycle. This requires solving a parametric quadratic program, plus a few EOQ calculations. Our procedure is designed to be used along with a heuristic for selecting the sequence of items in a cycle, such as the one proposed in 1987 by G. Dobson. The two algorithms together comprise a simple, plausible heuristic for the ELSP as a whole.
Full Text
Duke Authors
Cited Authors
- Zipkin, PH
Published Date
- February 1991
Published In
Volume / Issue
- 39 / 1
Start / End Page
- 56 - 63
Published By
Electronic International Standard Serial Number (EISSN)
- 1526-5463
International Standard Serial Number (ISSN)
- 0030-364X
Digital Object Identifier (DOI)
- 10.1287/opre.39.1.56
Language
- en