Lot size planning concerns the amounts and timing of production orders so that the combined setup and inventory holding costs are minimized.
When production capacity is limited, the lot size problem becomes complex.
This paper discusses the Modified...
Lot size planning concerns the amounts and timing of production orders so that the combined setup and inventory holding costs are minimized.
When production capacity is limited, the lot size problem becomes complex.
This paper discusses the Modified Economic Order Quantity (MEOQ) approches which takes the advantages of EOQ and Wagner-Whitin rules.
In this proposed MEOQ model, we develope a heuristic procedure of solving the discrete demand, limited capacity lot size problem.