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| Author: | Denizel, M. Erenguc, S. Benson, H. |
| Title: | Dynamic lot-sizing with setup cost reduction |
| Journal: | European Journal of Operational Research
1997 : AUG 1, VOL. 100:3, p. 537-549 |
| Index terms: | OPERATIONAL RESEARCH LOT-SIZE MODEL COST REDUCTION |
| Language: | eng |
| Abstract: | One of the fundamental tenets of the Just-in-Time (JIT) manufacturing philosophy is that reduction or even elimination of inventory conserves valuable resources and reduces wasteful spending. In many costs, to achieve inventory reductions requires investment in reduction of setup costs. For this reason, certain proposals for incorporating means for reducing setup costs into classical production-inventory models have been offered in recent years. |
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