DETERMINATION OF THE COST-EFFECTIVE LOT-SIZING TECHNIQUE FOR PERISHABLE GOODS: A CASE STUDY
Determining the exact needs to meet the demand in manufacturing enterprises is an important factor in terms of the efficiency of the production environment. Businesses can make accurate decisions about which material to order in what quantity through the Material Requirements Planning system. At this point, the methods used in determining lot-size are among the effective tools in order amount decision. One of the sectors where material order quantities are critical is the food sector, as it includes perishable goods.
DETERMINATION OF THE COST-EFFECTIVE LOT-SIZING TECHNIQUE FOR PERISHABLE GOODS: A CASE STUDY
Determining the exact needs to meet the demand in manufacturing enterprises is an important factor in terms of the efficiency of the production environment. Businesses can make accurate decisions about which material to order in what quantity through the Material Requirements Planning system. At this point, the methods used in determining lot-size are among the effective tools in order amount decision. One of the sectors where material order quantities are critical is the food sector, as it includes perishable goods.
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- Abad, P.L. (2003), Optimal pricing and lot-sizing under conditions of perishability, finite production and partial backordering and lost sale, European Journal of Operational Research 144, s. 677–685.