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Deterministic Lotsizing Models for Production Planning (Paperback, illustrated edition)
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Deterministic Lotsizing Models for Production Planning (Paperback, illustrated edition)
Series: Lecture Notes in Economics and Mathematical Systems, 355
Expected to ship within 10 - 15 working days
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This thesis deals with timing and sizing decisions for production
lots, and more precisely, with mathematical models to support
optimal tim ing and sizing decisions. These models are called
lotsizing models. They are characterized by the fact that
production lots are determined based on a trade-offbetween
production costs and customer service. Production costs can be
categorized as basic production costs, which consist of material
costs, labour costs, machine startup costs and over head costs, and
inventory related costs, which include costs of capital tied up in
inventory, insurances and taxes. Customer service is the capability
of the firm to deliver to their clients the products in the
quantity they ordered at the agreed upon time and place. The costs
of realizing a certain service level are usuaIly very dif ficult to
convert into money. They include costs of expediting, loss of
customer goodwill, and loss of sales revenues resulting from the
short age situation."
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