Article ID: | iaor199044 |
Country: | United States |
Volume: | 27 |
Start Page Number: | 65 |
End Page Number: | 79 |
Publication Date: | Mar 1986 |
Journal: | Production and Inventory Management Journal |
Authors: | Ritchie Eric, Tsado Aaron K. |
Three major groups of lot-sizing techniques are covered: (1) those minimizing holding and setup costs over the replenishment interval, (2) techniques equating setup and holding costs, and (3) those based on incremental holding costs. Modifications for an assortment of time-varying demand conditions and the value of the techniques for practical applications are presented.