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| Author: | Moily, J. P. |
| Title: | Optimal and heuristic procedures for component lot-splitting in multi-stage manufacturing systems. |
| Journal: | Management Science
1986 : JAN, VOL. 32:1, p. 113-125 |
| Index terms: | LOT-SIZE MODEL PRODUCTION SCHEDULING INVENTORY CONTROL |
| Language: | eng |
| Abstract: | A multistage lot-sizing problem is formulated under a specified component lot-splitting policy for the case of non-instantaneous production of items and constant demand for the end item. Optimal and heuristic solution procedures for the formulated problem are provided, including experimental results of comparison between these procedures. It is shown that considerable cost savings can result if the component lot-splitting approach is employed under favorable cost conditions in multi-stage manufacturing environments. The modelling of the component lot-splitting in alternate manufacturing environment is suggested. |
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