Economic Production and Order Quantities for Jointly
Replenished Items
A. Gunasekaran, S.K. Goyal, I. Virtanen and P. Yli-Olli
Abstract
The problem of determining economic packaging frequency of
jointly replenished items has received a lot of attention from
production researchers. This problem is usually encountered
while packaging the products after completing the manufacture.
However, production lot-sizing certainly influences the ordering
quantity for jointly replenished items. Considering the
importance of the relationship between order quantity for jointly
replenished items and economic production quantity, a
mathematical model is proposed for determining optimal
inventory policies in a multi-stage production-inventory system.
An example problem is solved to ilustrate the application and
behaviour of the model.
(Production Research 1993, 771-772)