Optimum order cycles in MRP form a geometric progression

Optimum order cycles in MRP form a geometric progression

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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:
Keywords: production: MRP
Abstract:

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.

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