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The Economic Lot Scheduling Problem (ELSP): Review and Extensions

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  • Salah E. Elmaghraby

    (North Carolina State University)

Abstract

The ELSP is a time-honored problem that "has been around" since 1915. It is the problem of accommodating cyclical production patterns when several products are made on a single facility. Recent contributions to its resolution resulted in either analytical approaches to a restricted problem, or heuristic approaches to the entire problem. This paper reviews critically the various contributions to the problem, and extends the analysis in the following four directions: (a) An improved analytical approach, (b) A test for feasibility, (c) A systematic means for escape from infeasibility, and (d) A procedure for the determination of a basic period for a given set of multipliers to achieve a feasible schedule.

Suggested Citation

  • Salah E. Elmaghraby, 1978. "The Economic Lot Scheduling Problem (ELSP): Review and Extensions," Management Science, INFORMS, vol. 24(6), pages 587-598, February.
    • Handle: RePEc:inm:ormnsc:v:24:y:1978:i:6:p:587-598
    DOI: 10.1287/mnsc.24.6.587
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