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Communication to the Editor--A Note on Krone's Economic Lot-Size Formulas

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  • James A. Parsons

    (Lederk Laboratories Pearl River, New York)

Abstract

When many products are to be manufactured on the same production facility we can avoid product interference, and thus obtain a feasible production schedule, by requiring all products to have the same cycle time T. In this way Krone, [Krone, L. H. Jr. 1964. A note on economic lot-sizes for multipurpose equipment. Management Sci. 10 (3, April).], develops formulas for determining economic lot-sizes for multipurpose equipment. The author treats the case where backorders are permissible with a cost of backorder proportional to the length of time for which the backorder exists. The purpose of this note is to include a fixed cost of backorder into the formulas.

Suggested Citation

  • James A. Parsons, 1965. "Communication to the Editor--A Note on Krone's Economic Lot-Size Formulas," Management Science, INFORMS, vol. 12(3), pages 314-315, November.
    • Handle: RePEc:inm:ormnsc:v:12:y:1965:i:3:p:314-315
    DOI: 10.1287/mnsc.12.3.314
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