Economic Lot Scheduling of Time Varying Demand with Stockout in a Jute Industry

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Mehedi Islam
Mehedi Islam
σ
Subrata Talapatra
Subrata Talapatra
ρ
Ghazi Abu Taher
Ghazi Abu Taher
α to ρ Khulna University of Engineering and Technology

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Economic Lot Scheduling of Time Varying Demand with Stockout in a Jute Industry

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Abstract

The economic lot scheduling problem (ELSP) creates challenge between lot sizing and sequencing. The ELSP’s primary goal is to minimize the total setup and holding expenditures of different products on a single machine. ELSP is a mathematical model. It deals with a company’s planning what to manufacture, when to manufacture and how much to manufacture. This paper deals with the Economic Lot Scheduling (ELS) of a Jute industry for time varying demand with Stock out. This model will help to understand the total production time and allocate individual time against each product. This also increases the cycle time for a given aggregate inventory. In reality, demands and capacities are varying with time. An aggregate plan is expected to give time varying capacities since the plan is to meet fluctuating demand. It is therefore necessary to model the more realistic situation where the demand and capacity vary each day. This model will provide a production schedule of a set of items in a single machine to minimizing the long run average holding and set up cost under the assumptions of time varying demand and production rates, allowing material stock out.

References

11 Cites in Article
  1. Christian Delporte,L Thomas (1978). Lot Sizing and Sequencing for <i>N</i> Products on One Facility.
  2. Salah Elmaghraby (1978). The Economic Lot Scheduling Problem (ELSP): Review and Extensions.
  3. G Gallego,R Roundy (1992). The extended economic lot scheduling problem.
  4. G Gallego (1993). Reduced production rates in the economic lot scheduling problem.
  5. H Bae,I Moon,W Yun (2014). Economic lot and supply scheduling problem: a time-varying lot sizes approach.
  6. H Hwang,D Kim,Y Kim (1993). Multiproduct economic lot size models with investment costs for setup reduction and quality improvement.
  7. M Khouja (1997). The economic lot scheduling problem under volume flexibility.
  8. M Pinedo (2009). Planning and Scheduling in Manufacturing and Services.
  9. R Panneerselvam Production and operations management.
  10. G Srinivasan Unknown Title.
  11. Subrata Talapatra,Abu Ghazi,Taher (2014). Implementation of Disaggregation Method in Economic Lot Scheduling of a Jute Industry under Constant Demand.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Mehedi Islam. 2016. \u201cEconomic Lot Scheduling of Time Varying Demand with Stockout in a Jute Industry\u201d. Global Journal of Research in Engineering - G: Industrial Engineering GJRE-G Volume 16 (GJRE Volume 16 Issue G1): .

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Journal Specifications

Crossref Journal DOI 10.17406/gjre

Print ISSN 0975-5861

e-ISSN 2249-4596

Keywords
Classification
GJRE-G Classification: FOR Code: 290502p
Version of record

v1.2

Issue date

May 31, 2016

Language
en
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The economic lot scheduling problem (ELSP) creates challenge between lot sizing and sequencing. The ELSP’s primary goal is to minimize the total setup and holding expenditures of different products on a single machine. ELSP is a mathematical model. It deals with a company’s planning what to manufacture, when to manufacture and how much to manufacture. This paper deals with the Economic Lot Scheduling (ELS) of a Jute industry for time varying demand with Stock out. This model will help to understand the total production time and allocate individual time against each product. This also increases the cycle time for a given aggregate inventory. In reality, demands and capacities are varying with time. An aggregate plan is expected to give time varying capacities since the plan is to meet fluctuating demand. It is therefore necessary to model the more realistic situation where the demand and capacity vary each day. This model will provide a production schedule of a set of items in a single machine to minimizing the long run average holding and set up cost under the assumptions of time varying demand and production rates, allowing material stock out.

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Economic Lot Scheduling of Time Varying Demand with Stockout in a Jute Industry

Subrata Talapatra
Subrata Talapatra
Ghazi Abu Taher
Ghazi Abu Taher Khulna University of Engineering and Technology
Mehedi Islam
Mehedi Islam Khulna University of Engineering and Technology

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