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The economic manufacture/order quantity (EMQ/EOQ) and the learning curve: Past, present, and future

1999; Elsevier BV; Volume: 59; Issue: 1-3 Linguagem: Inglês

10.1016/s0925-5273(98)00027-9

1873-7579

Mohamad Y. Jaber, Maurice Bonney,

Manufacturing Process and Optimization

Traditionally, inventory has been viewed as an asset, one that can be converted to cash. In recent years there has been a move towards the use of JIT production methods. The JIT view is that inventory does not add value but instead incurs costs, and thus is a waste. The JIT concept of continuous improvement applies primarily to a repetitive manufacturing process where the learning phenomenon is present. This paper surveys work that deals with the effect of learning on the lot-size problem. It also explores the possibility of incorporating some of the ideas adopted by JIT to such models.