Publication | Closed Access
The effects of learning and forgetting on the optimal lot size quantity of intermittent production runs
60
Citations
0
References
1998
Year
EngineeringInterruption PeriodIntermittent Production RunsProduction RunProduction ManagementOperations ResearchProductivityInventory ManagementInventory ControlExperimental EconomicsSystems EngineeringLogisticsStatisticsQuantitative ManagementCapacity ManagementEconomicsCapacity PlanningManufacturing PlanningSupply Chain ManagementEconomic Manufactured QuantityProduction PlanningBusinessProduction ForecastingMicroeconomics
This paper studies the effects of learning and forgetting on the production lot size problem with infinite and finite planning horizons. It is assumed that the determination of the economic manufactured quantity (EMQ) in the succeeding production run is dependent on: (1) the maximum inventory accumulated prior to interruption; (2) the length of the interruption period which incurs total forgetting; and (3) the level of experience in equivalent units remembered at the start-up of the next production run. The optimum operating inventory doctrines is obtained by trading off procurement cost per unit time and the inventory carrying cost per unit time, so that their sum will be a minimum. A numerical example is presented to demonstrate the application of learning and forgetting to the determination of the EMQ. Keywords: LearningForgettingLot SizingIntermittent Production