| Article ID: | iaor1991404 |
| Country: | Netherlands |
| Volume: | 15 |
| Start Page Number: | 441 |
| End Page Number: | 443 |
| Publication Date: | Dec 1989 |
| Journal: | Engineering Costs and Production Economics |
| Authors: | Whitin Thomson M. |
This note shows that, for any given sequence of set-up times, there is an optimal time (between set-ups) for running out of stock. This will not in general be precisely at the end of a ‘period’. Although the result is mathematically trivial, it has signficant practical and theoretical implications and has not yet been noted in the literature.