The Economic Lot Scheduling Problem (ELSP)¶
Elmaghraby, S. E. (1978). The Economic Lot Scheduling Problem (ELSP): Review and Extensions. Management Science, 24(6), 587-598.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Switching Cost
- Over a horizon of \(W\) units of work split into \(n\) runs (so each run averages \(W/n\) units before a switch), total cost is \(C(n) = cW + s\,n\).
This sourceTotal cost as steady-state production/holding cost plus a per-run setup (changeover) cost; product switching too often inflates setup cost, too rarely inflates holding cost — the two-term per-time-plus-per-event trade-off scheduling manages.
- Over a horizon of \(W\) units of work split into \(n\) runs (so each run averages \(W/n\) units before a switch), total cost is \(C(n) = cW + s\,n\).
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