Economic manufacture quantity (EMQ) model with lot-size dependent learning and forgetting rates

Economic manufacture quantity (EMQ) model with lot-size dependent learning and forgetting rates

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Article ID: iaor20081670
Country: Netherlands
Volume: 108
Issue: 1/2
Start Page Number: 359
End Page Number: 367
Publication Date: Jan 2007
Journal: International Journal of Production Economics
Authors: ,
Keywords: learning
Abstract:

Optimal lot-size formulae typically assume that unit manufacturing costs are constant. This is not true while learning is in progress. Many researchers have studied the effect of learning on the lot-size problem. These works commonly assume an invariant learning slope throughout the production–planning horizon. When learning rates (LRs) are dependent on the number of units produced in a production cycle, then the assumption of invariant LRs might produce erroneous lot-size policies. This paper investigates the effect of lot-size dependent learning and forgetting rates on the lot-size problem by incorporating the dual-phase learning–forgetting model into the economic manufacture quantity model. Numerical examples are provided to illustrate the solution procedure. These compare different approaches to lot sizing with learning and forgetting effects.

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