... is down to 228 units), and the expected number short on each order is g(z) × s₁ = 0.32 × 18 = 5.76 ≈ 6. © MCB UP Limited 1996 Inventory control Lot size Stochastic modelling Stockout Calculation of safety stock is usually made[ 1 , 2 ] as a function...

...Chrwan‐jyh Ho Past research in examining the performance of alternative lot‐sizing rules has focused on the total cost of inventory carrying cost and set‐up cost. Although this cost‐related performance measure is significant for evaluating the overall efficiency of production systems...

...Y.Y. Lee; B.A. Kramer; C.L. Hwang Most of the literature published regarding the performance of lot‐sizing algorithms has been in a deterministic environment. The first objective of this article is to propose a way to incorporate fuzzy sets theory into lotsizing algorithms for the case of uncertain...

...Terence M. Hancock Lot‐splitting involves the possibility of lot sizes at intermediate processing steps being less than the production release of the finished good. However, the limited research in this area has not been sufficient to counter the conventional wisdom that lot‐splitting (1...

...Yash P. Gupta; Ying Keung Recently several authors have concentrated their efforts in developing models to determine the economic lot size for multi‐stage systems. This is due to the fact that an increasing number of organisations are implementing material requirements planning systems. Numerous...