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  2. Economic lot scheduling problem - Wikipedia

    en.wikipedia.org/wiki/Economic_lot_scheduling...

    The economic lot scheduling problem (ELSP) is a problem in operations management and inventory theory that has been studied by many researchers for more than 50 years. The term was first used in 1958 by professor Jack D. Rogers of Berkeley, [1] who extended the economic order quantity model to the case where there are several products to be produced on the same machine, so that one must decide ...

  3. Economic order quantity - Wikipedia

    en.wikipedia.org/wiki/Economic_order_quantity

    Ordering cost: This is the cost of placing orders: each order has a fixed cost , and we need to order / times per year. This is K D / Q {\displaystyle KD/Q} Holding cost: the average quantity in stock (between fully replenished and empty) is Q / 2 {\displaystyle Q/2} , so this cost is h Q / 2 {\displaystyle hQ/2}

  4. Economic batch quantity - Wikipedia

    en.wikipedia.org/wiki/Economic_batch_quantity

    The figure graphs the holding cost and ordering cost per year equations. The third line is the addition of these two equations, which generates the total inventory cost per year. The lowest (minimum) part of the total cost curve will give the economic batch quantity as illustrated in the next section.

  5. Economic production quantity - Wikipedia

    en.wikipedia.org/wiki/Economic_production_quantity

    The required parameters to the solution are the total demand for the year, the purchase cost for each item, the fixed cost to place the order and the storage cost for each item per year. Note that the number of times an order is placed will also affect the total cost, however, this number can be determined from the other parameters

  6. Manufacturing resource planning - Wikipedia

    en.wikipedia.org/wiki/Manufacturing_resource...

    Manufacturing resource planning (MRP II) [1] is a method for the effective planning of all resources of a manufacturing company. Ideally, it addresses operational planning in units, financial planning, and has a simulation capability to answer " what-if " questions and is an extension of closed-loop MRP (Material Requirements Planning).

  7. Master production schedule - Wikipedia

    en.wikipedia.org/wiki/Master_production_schedule

    A master production schedule (MPS) is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc. [1] It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded. [2]

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  9. Distribution resource planning - Wikipedia

    en.wikipedia.org/wiki/Distribution_resource_planning

    Distribution resource planning (DRP) is a method used in business administration for planning orders within a supply chain.DRP enables the user to set certain inventory control parameters (like a safety stock) and calculate the time-phased inventory requirements.

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