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Lot Size Scheduling on a Single Machine for Stochastic Demand

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  • S. K. Goyal

    (Glamorgan Polytechnic, South Wales, U. K.)

Abstract

This paper presents a method for computing the lot size to be produced each time each product is scheduled for production when all products are produced on a single machine. The method also computes the distribution of lot size for each product. The demand for each product is a stochastic variable with known distribution, distributed independently for nonoverlapping time periods and identically for equal time periods.

Suggested Citation

  • S. K. Goyal, 1973. "Lot Size Scheduling on a Single Machine for Stochastic Demand," Management Science, INFORMS, vol. 19(11), pages 1322-1325, July.
    • Handle: RePEc:inm:ormnsc:v:19:y:1973:i:11:p:1322-1325
    DOI: 10.1287/mnsc.19.11.1322
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