My. Jaber et M. Bonney, The economic manufacture/order quantity (EMQ/EOQ) and the learning curve: Past, present, and future, INT J PRO E, 59(1-3), 1999, pp. 93-102
Traditionally, inventory has been viewed as an asset, one that can be conve
rted to cash. In recent years there has been a move towards the use of JIT
production methods. The JIT view is that inventory does not add value but i
nstead incurs costs, and thus is a waste. The JIT concept of continuous imp
rovement applies primarily to a repetitive manufacturing process where the
learning phenomenon is present. This paper surveys work that deals with the
effect of learning on the lot-size problem. It also explores the possibili
ty of incorporating some of the ideas adopted by JIT to such models. (C) 19
99 Elsevier Science B.V. All rights reserved.