A mathematical model is developed for determining the optimal number of batches for the production lot sizing problem & where the production capacity is lower than the annual demand requirement. Setup time is included and it is assumed that consumption begins only after the entire batch is produced. The model is illustrated through an example.
- Economic number of setups
- Production lot sizing
ASJC Scopus subject areas
- Computer Science Applications
- Strategy and Management
- Management Science and Operations Research
- Industrial and Manufacturing Engineering