An Evaluation of the State of Research in the Economic Lot Sizing Problem

An attempt is made to classify the lot‐sizing problem based on evidence from the literature and current research trends. For future research a mixture of a heuristic method to find a sequence and cycle time and a mathematical program to find lot sizes would be feasible even for fairly large problems. Attempts should be made to apply marginal analysis in practical lot‐sizing problems since it may result in lower cost solutions.