Title: Impact of processing time and related costs on optimal lot sizing in manufacturing
Abstract: Abstract The impact of processing time and related costs on economic lot sizing in a manufacturing environment when they can be varied through process control is explored in this paper. For a given setup cost and carrying cost, the optimal lot size to minimize the total stocking cost, in our model, will be a function of process variables subject to process, in-process storage, and demand rate constraints. An approach is presented for finding the optimal lot size in this context when the manufacturing cost per unit of product is a quadratic or linear function of processing time.
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 3
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