Advanced Search
MyIDEAS: Login

Economic Order Quantities and Multiple Set-Up Costs

Contents:

Author Info

  • Steven A. Lippman

    (University of California, Los Angeles)

Registered author(s):

    Abstract

    We consider the problem of scheduling the production of a single product at each instant during a time horizon of length T (\leqq \infty ) so as to minimize the average cost per unit time; backlogging of demand and disposal of stock are not allowed. Two types of costs are incurred; the holding cost per unit time is assumed to be proportional to the inventory level while the ordering cost is that associated with the multiple set-up cost function (see (3) and Figure 1). By studying a special case (K = 0 in (3)) in §2, the analysis of the problem practically becomes that of the standard economic lot size model so that we can rigorously derive some not too widely known results about the lot size model while exploring our model. In particular, we obtain planning horizon theorems and characterize the form of an optimal production schedule for T

    Download Info

    If 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.
    File URL: http://dx.doi.org/10.1287/mnsc.18.1.39
    Download Restriction: no

    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 18 (1971)
    Issue (Month): 1 (September)
    Pages: 39-47

    as in new window
    Handle: RePEc:inm:ormnsc:v:18:y:1971:i:1:p:39-47

    Contact details of provider:
    Postal: 7240 Parkway Drive, Suite 300, Hanover, MD 21076 USA
    Phone: +1-443-757-3500
    Fax: 443-757-3515
    Email:
    Web page: http://www.informs.org/
    More information through EDIRC

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Mendoza, Abraham & Ventura, José A., 2008. "Incorporating quantity discounts to the EOQ model with transportation costs," International Journal of Production Economics, Elsevier, vol. 113(2), pages 754-765, June.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:18:y:1971:i:1:p:39-47

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mirko Janc).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.