lot sizing

Discussing Lot Sizing Approaches

Discussing Lot Sizing Approaches

Their influence on economic production
Ben Münzberg, Matthias Schmidt, Peter Nyhuis ORCID Icon
Lot sizing is a substantial factor of economic production. There are various lot sizing approaches considering the same cost factors in different ways. Their results are usually quite similar. A common weakness of all lot sizing approaches is the limited consideration of relevant cost factors. The costs which are neglected usually rise with increasing lot sizes. This leads to illusory exact results because too large lots are calculated generally. This paper compares functions and results of different lot sizing approaches and discusses neglected cost factors.
Industrie Management | Volume 27 | 2011 | Edition 5 | Pages 22-26
Development of a Concept for Lot Sizing for an Automotive Components Supplier

Development of a Concept for Lot Sizing for an Automotive Components Supplier

Carsten Begemann, Tim Busse
Today, excellence in production planning and control (PPC) is not only critical for the success of enterprises it is rather a strategic factor of competitiveness. Particularly in job shop manufacturing lot sizing is a vitally important function of PPC, due to its influence on the necessary positioning between manufacturing efficiency on the one hand and flexibility on the other hand. The article shows by example of a project of the IFA and the proIng GbR in cooperation with an automotive components supplier, that the development of a concept for effective an efficient lot sizing requires in addition to the selection of the suitable method a logistical analysis and classification of the products.
Industrie Management | Volume 22 | 2006 | Edition 4 | Pages 37-40