Problem statement: Lot-size is the clustering of items for transportation or manufacturing processes occurring at the same time. The issue in lot-size problem is to design production processes so that the feasible production quantities are equal to customer demand quantities and the timing of production is such that inventory positions are almost zero. Approach: In this study, we explore the mu...

This paper presents a simple algebraic approach for deriving the optimal lot size for economic production quantity (EPQ) model with rework process. Conventional methods for solving lot size problems are by using differential calculus on the long-run average production-inventory cost function with the need to prove optimality first. A few recent articles proposed the algebraic approach to the so...

this paper deals with the single machine multi-product lot scheduling problem in which defective items are produced in any production run of each product. we have adopted the common cycle scheduling policy and assumed that the setup times for production of each product can be non-zero. further, we have assumed that defective items will be reworked and the inspection costs during the normal prod...

This paper considers the multi-item dynamic lot size model where joint business volume discount is applied for all items purchased whenever the total dollar value of an order reaches a certain level. Multi-item discounts are prevalent in practical applications, yet the literature has only considered limited instances of single-item models. We establish the mathematical formulation and design an...

This paper examines the optimal production lot size decisions for clinical trial supply chains. One unique aspect of clinical trial supply chains is the risk of failure, meaning that the investigational drug is proven unsafe or ineffective during human testing and the trial is halted. Upon failure, any unused inventory is essentially wasted and needs to be destroyed. To avoid waste, manufacture...

In this paper, we use integer programming (IP) to compute minimal forecast horizons for the classical dynamic lot-sizing problem (DLS). As a solution approach for computing forecast horizons, integer programming has been largely ignored by the research community. It is our belief that the modelling and structural advantages of the IP approach coupled with the recent significant developments in ...

Conventional approach for solving replenishment lot size problem is by using the differential calculus with the need of applying the first-order and second-order differentiations to the long-run average production-inventory cost. A recent published paper used conventional method to determine optimal lot size for an integrated production-delivery system with scrap and cost lessening distribution...

Given multiple products with unique lumpy demand patterns, this paper explores the determination of both the lot size for each product and the resource allocation among the products, given an investment budget for production rate improvements. Each product’s optimal production policy takes on only one of two forms: either continuous production or lot-for-lot production. A heuristic procedure de...