We address the problem of lot splitting for various time bucket lengths in MRP systems. Two approaches for lot splitting can be applied: either use the same (equal) or a variable number of subbatches. Equal subbatching strategies have logistical and computational advantages. Literature states...

There exist many inventory control studies that consider either continuous review & continuous ordering, or periodic review & periodic ordering. Mixtures of the two are hardly ever studied. However, the model with periodic review and continuous ordering is highly relevant in practice, as...