A Comparison of Exact and Heuristic Routines for Lot Size Determination in Multi-Stage Assembly Systems - Softcover

W. B. Crowston

 
9781332982899: A Comparison of Exact and Heuristic Routines for Lot Size Determination in Multi-Stage Assembly Systems

Synopsis

This book delves into the intricacies of lot size determination in complex multi-stage assembly systems, presenting both exact and heuristic approaches to this crucial aspect of production planning. The author explores the dynamics of multi-stage assembly systems, where each stage relies on inputs from preceding stages. The book provides a comprehensive analysis of the economic lot size model, considering factors such as production costs, inventory carrying costs, and demand patterns. By comparing exact and heuristic routines, the author illuminates the trade-offs between optimality and computational efficiency. This book offers valuable insights for practitioners and researchers in the field of production and inventory management, showcasing the importance of optimizing lot sizes to enhance efficiency and profitability in multi-stage assembly systems.

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