Note—Learning Effects in Economic Lot Sizing
Copyright policy )Note—Learning Effects in Economic Lot Sizing
The classical square-root formula for optimal lot size is a useful tool especially for those manufacturing processes in which labor intensive items are produced in small quantities. There is a class of stationary lot sizing problems to which this formula applies. With learning effects introduced into the production cost of this class of problems the optimal lot size becomes the solution of a transcendental equation. Numerical solutions are presented as well as an approximation which has the structure of the classical formula.
- University of Ulm Germany
- University of St. Gallen Switzerland
- University of Florida United States
learning, optimal lot size, work studies, learning [inventory/production, production/scheduling], Inventory, storage, reservoirs, Production models, inventory/ production management, progress elasticity
learning, optimal lot size, work studies, learning [inventory/production, production/scheduling], Inventory, storage, reservoirs, Production models, inventory/ production management, progress elasticity
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