Lot Size Scheduling on a Single Machine for Stochastic Demand

This paper presents a method for computing the lot size to be produced each time each product is scheduled for production when all products are produced on a single machine. The method also computes the distribution of lot size for each product. The demand for each product is a stochastic variable with known distribution, distributed independently for nonoverlapping time periods and identically for equal time periods.

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Year of publication:	1973
Authors:	Goyal, S. K.
Published in:	Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 19.1973, 11, p. 1322-1325
Publisher:	Institute for Operations Research and the Management Sciences - INFORMS

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Extent:	application/pdf
Type of publication:	Article
Other identifiers:	10.1287/mnsc.19.11.1322 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009209355