Article ID: | iaor199258 |
Country: | United Kingdom |
Volume: | 11 |
Start Page Number: | 83 |
End Page Number: | 87 |
Publication Date: | Oct 1991 |
Journal: | International Journal of Operations & Production Management |
Authors: | Shah Sandeep |
Keywords: | production: MRP |
Materials requirement planning (MRP) systems have several lot-sizing rules, of which the periodic order quantity rule is the most widely used in practice. With this rule groups of items are ordered on a common order cycle or frequency. This article presents empirical evidence to show that when the order cycles are set in a geometric progression then they are indeed optimum.