Journal article
Production lot sizing with variable production rate and explicit idle capacity cost
International journal of production economics, v 59(1), pp 251-259
1999
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
This paper develops a model for simultaneously determining the optimal run length and the rate of production for a single item. As opposed to traditional approaches, the item's output rate is treated as a decision variable. It is assumed that the production cost per unit is a quadratic function of the production rate, in an effort to capture the effect of increased unit cost as a result of deviating from the “nominal” rate of output, for which the system was designed. In addition a linear function is incorporated in the proposed model to represent the desirability or undesirability, as the case may be, of unused capacity. The iterative solution procedure developed is illustrated through a numerical example and extensive sensitivity analysis is performed for examining the major tradeoffs involved.
Metrics
Details
- Title
- Production lot sizing with variable production rate and explicit idle capacity cost
- Creators
- Somkiat Eiamkanchanalai - Chulalongkorn UniversityAvijit Banerjee - Drexel University
- Publication Details
- International journal of production economics, v 59(1), pp 251-259
- Publisher
- Elsevier
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems)
- Web of Science ID
- WOS:000079609400028
- Scopus ID
- 2-s2.0-0032667510
- Other Identifier
- 991019173825504721
UN Sustainable Development Goals (SDGs)
This publication has contributed to the advancement of the following goals:
InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Web of Science research areas
- Engineering, Industrial
- Engineering, Manufacturing
- Operations Research & Management Science