A comparative study of three lot-sizing methods for the case of fuzzy demand

A comparative study of three lot-sizing methods for the case of fuzzy demand

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Article ID: iaor1992445
Country: United Kingdom
Volume: 11
Start Page Number: 72
End Page Number: 80
Publication Date: Oct 1991
Journal: International Journal of Operations & Production Management
Authors: , ,
Keywords: production, fuzzy sets
Abstract:

Most of the literature published regarding the performance of lot-sizing algorithms has been in a deterministic environment. The first objective of this article is to propose a way to incorporate fuzzy sets theory into lot-sizing algorithms for the case of uncertain demand in a fuzzy master production schedule. Triangular fuzzy numbers are used to represent uncertainty in the master production schedule. It is shown that the fuzzy sets theory approach provides a better representation of fuzzy demand and more information to aid the determination of lot size. The second objective is to evaluate three lot sizing methods: part-period balancing, Silver-Meal, and Wagner-Whitin. The performance of each lot-sizing algorithm was calculated over nine examples. The results indicate that the part-period balancing algorithm may be a better overall choice to determine lot sizes.

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