Lot Size Scheduling on a Single Machine for Stochastic Demand

S. K. Goyal
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S. K. Goyal: Glamorgan Polytechnic, South Wales, U. K.

Management Science, 1973, vol. 19, issue 11, 1322-1325

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.

Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:19:y:1973:i:11:p:1322-1325

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