Using the EPQ for coordinated planning of a product with partial backordering and its components

While there has been considerable work over the years on multistage lot-sizing models, particularly in an MRP environment, there has been relatively little work on systems recognizing the WIP effects when there is gradual conversion of the components into the final product, as in production planning...

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Bibliographic Details
Published in:	Mathematical and computer modelling Vol. 53; no. 1; pp. 359 - 375
Main Authors:	Drake, Matthew J., Pentico, David W., Toews, Carl
Format:	Journal Article
Language:	English
Published:	Kidlington Elsevier Ltd 2011 Elsevier
Subjects:	Component planning EPQ Exact sciences and technology Lot-sizing Mathematical analysis Mathematics Methods of scientific computing (including symbolic computation, algebraic computation) Numerical analysis. Scientific computation Partial backordering Sciences and techniques of general use Lot-sizing Component planning Partial backordering EPQ Applied mathematics Mathematical model Computer aided analysis
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Summary:	While there has been considerable work over the years on multistage lot-sizing models, particularly in an MRP environment, there has been relatively little work on systems recognizing the WIP effects when there is gradual conversion of the components into the final product, as in production planning using the EPQ model for planning the final product. Here we consider lot-sizing planning for a two-stage system in which the final product is planned using an EPQ model with partial backordering and the production of the components is controlled using basic EPQ models without backordering.
ISSN:	0895-7177 1872-9479
DOI:	10.1016/j.mcm.2010.09.002