Discussion Of Lot Sizing Approaches And Their Influence On Economic Production
Research output: Contributions to collected editions/works › Article in conference proceedings › Research › peer-review
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21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011 - Conference Proceedings. ed. / Dieter Spath; Rolf Ilg; Tobias Krause. Fraunhofer-Institut für Arbeitswirtschaft und Organisation, 2011. p. 977-980.
Research output: Contributions to collected editions/works › Article in conference proceedings › Research › peer-review
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TY - CHAP
T1 - Discussion Of Lot Sizing Approaches And Their Influence On Economic Production
AU - Nyhuis, Peter
AU - Münzberg, Ben
AU - Schmidt, Matthias
PY - 2011
Y1 - 2011
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 - Engineering
KW - Logistics
KW - Lot sizing
KW - Production planning
UR - http://www.scopus.com/inward/record.url?scp=84923446726&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/2a50b11e-e451-34fa-bef6-373c7cf31498/
M3 - Article in conference proceedings
SN - 978-3-8396-0293-5
SN - 3-8396-0293-9
SN - 978-1-63439-826-8
SP - 977
EP - 980
BT - 21st International Conference on Production Research
A2 - Spath, Dieter
A2 - Ilg, Rolf
A2 - Krause, Tobias
PB - Fraunhofer-Institut für Arbeitswirtschaft und Organisation
T2 - 21st International Conference on Production Research - ICPR 2011
Y2 - 31 July 2011 through 4 August 2011
ER -