Optimal lot sizing in a multi-product MRP framework with stochastic demand and quality considerations

• Main Authors: Espejo, Ruben Carlo G., Liang, Steven D., Lorenzo, Kenneth
• Format: text
• Language: English
• Published: Animo Repository 1997
• Subjects: Stochastic processes; System analysis; Production planning; Mathematical models; Industrial engineering; Engineering
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/8985
• Institution: De La Salle University

This paper tackles Materials Requirements Planning (MRP), a tool which is fast gaining acceptance in the manufacturing industry. Much of the costs and variables used in MRP are deterministic, which should be known beforehand. This is not always the case in the real world. This is the main reason why...