Several lot sizing rules exist to aid managers in the decision-making process as it pertains to determining the appropriate lot size in discrete demand situations. This paper has almost exclusively focused on the single-level, fixed horizon lot sizing...
Several lot sizing rules exist to aid managers in the decision-making process as it pertains to determining the appropriate lot size in discrete demand situations. This paper has almost exclusively focused on the single-level, fixed horizon lot sizing problem. Six lot sizing rules are compared with Wagner-Whitin algorithm with respect to the demand distribution, TBO, CVD, and inventory ratio. Conclusions are drawn as to the relative performance of the lot sizing rules, and suggestions for further research are made.