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Erschienen in:
2014 | OriginalPaper | Buchkapitel
4. Production Lot Size & Maximum Profit
verfasst von : Gideon Halevi
Erschienen in: Industrial Management- Control and Profit
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Abstract
This chapter deals with two topics that are traditionally outside the scope of engineering. By introducing flexibility to production planning integration, such disciplines can be improved.
Lot size; The term economic lot size comes from the theory of inventory control. The approach assumes gradual usage of items, which does not always hold true in manufacturing.
The flexibility of manufacturing may regard economic order lot size in terms of production. This chapter presents a lot size definition as a parameter of routing.
The maximum profit section proves that neither the minimum processing cost nor the maximum production criteria nor the higher selling price will result in maximum profit. A proposed method for arriving at the optimum selling price and selection of the appropriate routing is presented.