A Lot-Sizing Algorithm for Reducing Nervousness in MRP Systems

Previous work dealt with the problems of nervousness in Material Requirements Planning (MRP) Systems when production schedules were modified to include setups which previously had not been scheduled. In this work we further examine nervousness and its cost. By modifying the setup costs used in the W...

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Bibliographic Details
Published inManagement science Vol. 30; no. 2; pp. 240 - 244
Main Authors Kropp, Dean H, Carlson, Robert C
Format Journal Article
LanguageEnglish
Published Linthicum INFORMS 01.02.1984
Institute of Management Sciences
Institute for Operations Research and the Management Sciences
SeriesManagement Science
Subjects
Algorithms
Anxiety
Capital costs
Carrying costs
Cost functions
Costs
dynamic programming
Economic costs
Inventories
inventory
inventory/production: deterministic models
Material requirements planning
Minimization of cost
Operations research
Order quantity
Production costs
production: deterministic models
Schedules
Systems
Total costs
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ISSN0025-1909
1526-5501
DOI10.1287/mnsc.30.2.240

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Summary:Previous work dealt with the problems of nervousness in Material Requirements Planning (MRP) Systems when production schedules were modified to include setups which previously had not been scheduled. In this work we further examine nervousness and its cost. By modifying the setup costs used in the Wagner-Whitin algorithm, we develop a generalized solution methodology for dealing with situations in which new setups are added to the production schedule and existing setups are cancelled.
Bibliography:ObjectType-Article-2
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ObjectType-Article-1
ISSN:0025-1909
1526-5501
DOI:10.1287/mnsc.30.2.240