Abstract
In this paper, we develop an optimal manufactured lot-sizing model under the consideration of learning and shortages. Here the learning phenomenon conforms to the De Jong bounded learning curve. A one-dimensional search method is presented for determining the unique optimal production schedule, which minimises the sum of labour and material costs, fixed set-up costs, the holding cost and the shortage cost per unit time. A numerical example is used to illustrate the solution procedure; sensitivity analyses are also shown.
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Zhou, YW., Lau, HS. Optimal production lot-sizing model considering the bounded learning case and shortages backordered. J Oper Res Soc 49, 1206–1211 (1998). https://doi.org/10.1057/palgrave.jors.2600626
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DOI: https://doi.org/10.1057/palgrave.jors.2600626