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A Comparative Analysis of the Relative Effectiveness of Four Dynamic Lot‐Sizing Techniques on Return on Investment
Author(s) -
Jordan Paul C.
Publication year - 1989
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1989.tb01401.x
Subject(s) - sizing , computer science , return on investment , investment (military) , graphics , operations research , industrial engineering , economics , mathematics , microeconomics , production (economics) , computer graphics (images) , engineering , art , politics , political science , law , visual arts
The relative performance of dynamic lot‐sizing techniques has been of considerable interest to researchers in recent years. While research has addressed performance in terms of cost‐effectiveness, researchers have not determined the impact of dynamic lot‐sizing techniques on return on investment (ROI) as it applies to finished goods' schedules. The purpose of this research is to explore the relative performance of four dynamic lot‐sizing techniques with regard to ROI, namely the Wagner‐Whitin, Incremental Part Period, Silver‐Meal, and Groff techniques. Computer graphics are employed to analyze the relative ROI effectiveness.