Jd. Hong, EFFECTS OF WIP INVENTORIES ON INTEGRATED PRODUCTION LOT-SIZING IN CELLULAR MANUFACTURING, International Journal of Production Research, 32(5), 1994, pp. 1001-1012
Citations number
NO
Categorie Soggetti
Engineering,"Operatione Research & Management Science
This paper studies the effects of work-in-process (WIP) inventory on t
he simultaneous determination of the optimal production batch sizes of
the single product and its component parts, where the component parts
, processed in manufacturing cells, are assembled into the product. We
develop a procedure to simultaneously find the optimal lot size for t
he product and its component parts and the total relevant cost. The ef
fect of setup reduction is considered. A numerical example demonstrate
s that, in the lot size computation, the WIP inventory costs and the r
elationship between the product and its component parts should all be
taken into account.