Details
| Original language | English |
|---|---|
| Title of host publication | 21st International Conference on Production Research |
| Subtitle of host publication | Innovation in Product and Production, ICPR 2011 - Conference Proceedings |
| ISBN (electronic) | 9783839602935 |
| Publication status | Published - 1 Jan 2011 |
| Event | 21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011 - Stuttgart, Germany Duration: 31 Jul 2011 → 4 Aug 2011 |
Publication series
| Name | 21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011 - Conference Proceedings |
|---|
Abstract
Lot sizing is a substantial factor of economic production. There are various lot sizing approaches considering the same cost factors in different ways. Their results are usually quite similar. A common weakness of all lot sizing approaches is the limited consideration of relevant cost factors. The costs, which are neglected, usually rise with increasing lot sizes. This leads to illusory 'exact' results because the lot sizes calculated are generally too large. This paper compares functions and results of different lot sizing approaches and discusses neglected cost factors. In conclusion, an estimation of real economical lot sizes is presented.
Keywords
- Logistics, Lot sizing, Production planning
ASJC Scopus subject areas
- Engineering(all)
- Control and Systems Engineering
- Computer Science(all)
- Computer Science Applications
- Engineering(all)
- Industrial and Manufacturing Engineering
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21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011 - Conference Proceedings. 2011. (21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011 - Conference Proceedings).
Research output: Chapter in book/report/conference proceeding › Conference contribution › Research › peer review
}
TY - GEN
T1 - Discussion of lot sizing approaches and their influence on economic production
AU - Nyhuis, Peter
AU - Münzberg, Ben
AU - Schmidt, Matthias
PY - 2011/1/1
Y1 - 2011/1/1
N2 - Lot sizing is a substantial factor of economic production. There are various lot sizing approaches considering the same cost factors in different ways. Their results are usually quite similar. A common weakness of all lot sizing approaches is the limited consideration of relevant cost factors. The costs, which are neglected, usually rise with increasing lot sizes. This leads to illusory 'exact' results because the lot sizes calculated are generally too large. This paper compares functions and results of different lot sizing approaches and discusses neglected cost factors. In conclusion, an estimation of real economical lot sizes is presented.
AB - Lot sizing is a substantial factor of economic production. There are various lot sizing approaches considering the same cost factors in different ways. Their results are usually quite similar. A common weakness of all lot sizing approaches is the limited consideration of relevant cost factors. The costs, which are neglected, usually rise with increasing lot sizes. This leads to illusory 'exact' results because the lot sizes calculated are generally too large. This paper compares functions and results of different lot sizing approaches and discusses neglected cost factors. In conclusion, an estimation of real economical lot sizes is presented.
KW - Logistics
KW - Lot sizing
KW - Production planning
UR - http://www.scopus.com/inward/record.url?scp=84923446726&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:84923446726
T3 - 21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011 - Conference Proceedings
BT - 21st International Conference on Production Research
T2 - 21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011
Y2 - 31 July 2011 through 4 August 2011
ER -