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Lot sizing in inventory

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Lot sizing decision is made in a local inventory environment, where
production lead times are assumed to be exogenous and independent with respect to the
lot size
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(Noblesse, Boute, Lambrecht, & Van Houdt, 2014)
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For each machine and each time period, the products
and the number of units, i
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the lot size, of each product to be manufactured have to be
determined such that the specified constraints are satisfied and a given objective
function whose arguments include lot sizes is minimized or maximized
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, 2014)
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Lot sizing methods are inventory control methods often used in MRP systems to run
grouped commands in order to minimize costs
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(Javier, Fedriani, & Crespo, 2017)
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large manufacturing lot sizes help avoiding time consuming and costly set-ups
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A pure Make to stock system is organised based on forecasts of future orders to respond
to customer requirements
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Then, customer demands are delivered from the finished products’
inventory
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Unlike the traditional inventory models, such as the economic lot size scheduling
problem (Elmaghraby 1978, Zipkin 1991), where setup considerations lead to carefully
planned cyclical production schedules, additional Kan- bans may need to be added to
account for the mean number of containers awaiting replenishment
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To operate a generic Kanban system,
determining the number of Kanbans and lot sizes used in the system is needed
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(Huang & Kusiak, 1996)
Godinho Filho, M
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F
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A framework for choosing among different leanbased improvement programs
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https://doi
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1007/s00170-015-7181-4
Helo, P
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Agile production management: an analysis of capacity decisions and orderfulfilment time
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https://doi
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1504/IJASM
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008855
Huang, C
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, & Kusiak, A
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Overview of kanban systems
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https://doi
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1080/095119296131643
Javier, F
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, & Crespo, A
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Trabajo de Fin de Grado Grado en Ingeniería en
Tecnologías Industriales Framework for spare parts management
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Noblesse, A
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, Boute, R
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, Lambrecht, M
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, & Van Houdt, B
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Lot sizing and
lead time decisions in production/inventory systems
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https://doi
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1016/j
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2014
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027
Rafiei, H
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, & Alimardani, M
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Novel bi-level hierarchical production
planning in hybrid MTS/MTO production contexts
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https://doi
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1080/00207543
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661089

Note

This excerpts are taken from various journals for my research purposes
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Yours sincerely

-AH-



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