Lot sizing in stochastic flowshops. Striking the balance between capacity and flow
AbstractThe performance of a real-life production system (as measured by, for instance, the average flow time of parts or the average work-in-process level) is impacted by a range of managerial decisions, among which the product mix being produced in the shop, the layout of the shop, and the lot sizing policies (also called batching policies) used on the shop floor. Insights on the relationship between these (often deliberate) choices and the resulting performance have high managerial relevance. The impact of lot sizing policies on flow times is particularly interesting to analyze: by setting lot sizes in a deliberate way, managers can obtain flow time improvements without radical interventions in the system, and without large financial investments. Two types of lot sizing decisions can be distinguished: process lots and transfer lots. As discussed in this paper, a well-considered choice of both enables management to strike a balance between capacity considerations and flow considerations. We discuss some essential differences in the rationale underlying the use of process versus transfer lots, and shed light on the trade-offs inherent in both types of lot sizing decisions.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Katholieke Universiteit Leuven, Faculteit Economie en Bedrijfswetenschappen in its journal Review of Business and Economics.
Volume (Year): LIII (2008)
Issue (Month): 2 ()
Process batching; transfer batching; lot splitting; flowshop;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hilde Roos) The email address of this maintainer does not seem to be valid anymore. Please ask Hilde Roos to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.