Optimum production planning: An analytic framework

Optimum production planning: An analytic framework

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Article ID: iaor20022236
Country: United Kingdom
Volume: 21
Issue: 9
Start Page Number: 1205
End Page Number: 1221
Publication Date: Jan 2001
Journal: International Journal of Operations & Production Management
Authors: ,
Keywords: batch size
Abstract:

Presents an analytic framework for processing planning in industries where fixed batch sizes are common. The overall optimum processing plan is shown to be located on an envelope between the optimum JIT plan and the optimum level plan. These concepts provide the framework for understanding the overall optimum plan, and the framework leads to an efficient heuristic. The approach is practical, illustrated by a case study from the food industry, which shows the place of overall optimum planning within the company's planning system and its implications for company performance.

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