Journal article
Dynamic setup reduction in production lot sizing with nonconstant deterministic demand
European journal of operational research, v 90(1), pp 182-196
05 Apr 1996
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
We examine three production policies under nonconstant, deterministic demand and dynamic setup cost reduction, where a decision to invest in setup reduction is made at the beginning of each period of a planning horizon. The three production policies are the reorder point, order quantity (
s,
Q) policy; the fixed production cycle, variable order quantity (
t,
Q
i
) policy; and the variable production cycle, variable order quantity (
t
i
,
Q
i
). We study the behavior of the total relevant cost and develop a lot sizing and an investment solution procedure. Numerical examples are provided and dynamic setup cost reduction is compared with static setup cost reduction, where the decision to invest in setup reduction is made only at the initial setup.
Metrics
Details
- Title
- Dynamic setup reduction in production lot sizing with nonconstant deterministic demand
- Creators
- Jae-Dong Hong - South Carolina State UniversitySeung-Lae Kim - Drexel UniversityJack C. Hayya - Pennsylvania State University
- Publication Details
- European journal of operational research, v 90(1), pp 182-196
- Publisher
- Elsevier
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems)
- Web of Science ID
- WOS:A1996UF67800014
- Scopus ID
- 2-s2.0-0030570063
- Other Identifier
- 991020546572004721
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- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Management
- Operations Research & Management Science