Analytical model to determine optimal production lots considering several productive and logistics factors

The current economic crisis has led companies worldwide to pursue costs reductions in order to remain productive. To support this effort we propose an analytical model to establish the optimal lot size based on the celebrated EOQ (Economic Order Quantity) model. The value of this model is that –in o...

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Autores:
Lambán Castillo, Mª Pilar
Valencia, Javier
Royo, Jesús
Tipo de recurso:
Article of journal
Fecha de publicación:
2014
Institución:
Universidad Nacional de Colombia
Repositorio:
Universidad Nacional de Colombia
Idioma:
spa
OAI Identifier:
oai:repositorio.unal.edu.co:unal/72611
Acceso en línea:
https://repositorio.unal.edu.co/handle/unal/72611
http://bdigital.unal.edu.co/37085/
Palabra clave:
Supply chain
logistics
optimal lot size
EOQ
logistics index
Rights
openAccess
License
Atribución-NoComercial 4.0 Internacional
Description
Summary:The current economic crisis has led companies worldwide to pursue costs reductions in order to remain productive. To support this effort we propose an analytical model to establish the optimal lot size based on the celebrated EOQ (Economic Order Quantity) model. The value of this model is that –in order to provide solutions closer to the actual optimal– it includes several costs factors, many of them never before considered. Of particular interest are the incorporation of two characteristics of the model, the "Logistical index" first published in Revista Dyna Colombia, 179 [1], and the possibility of working with variable production times, features never included in a model of this type before. Also, to facilitate the implementation of this model several in companies, including SMEs, two simplifications and a solved problem are showed.