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Lot Sizing and Work-in-Process Inventories in Single Stage Production Systems

  • Avijit Banerjee
  • Jonathan S. Burton
Conference paper
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 332)

Abstract

This work modifies the classical deterministic production lot size model for single stage manufacturing systems, by incorporating the effects of work-in-process inventories. The results obtained from the relatively simple single input case are used to develop a heuristic solution algorithm, involving an efficient search technique, for obtaining a solution for the model under the more general and complex multiple inputs scenario. This solution procedure is illustrated through a numerical example.

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Copyright information

© Springer-Verlag New York, Inc. 1989

Authors and Affiliations

  • Avijit Banerjee
    • 1
  • Jonathan S. Burton
    • 1
  1. 1.Drexel UniversityPhiladelphiaUSA

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