Development of a model that determines the optimal production lot size using nonlinear programming and proposal of resolution with a spreadsheet

To facilitate the cost reduction effort that the global crisis has led in companies around the world, in this paper we propose a model to streamline production, a key area of the supply chain. The proposed model determines the optimal lot size considering activities of different areas of the supply...

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Main Authors: Maria Pilar Lambán, Javier Valencia, Jesús Royo
Format: Article
Language:English
Published: Universidad de Antioquia 2014-04-01
Series:Revista Facultad de Ingeniería Universidad de Antioquia
Subjects:
Online Access:https://revistas.udea.edu.co/index.php/ingenieria/article/view/15545
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author Maria Pilar Lambán
Javier Valencia
Jesús Royo
author_facet Maria Pilar Lambán
Javier Valencia
Jesús Royo
author_sort Maria Pilar Lambán
collection DOAJ
description To facilitate the cost reduction effort that the global crisis has led in companies around the world, in this paper we propose a model to streamline production, a key area of the supply chain. The proposed model determines the optimal lot size considering activities of different areas of the supply chain, many of which were not previously considered. In order to facilitate the implementation of the proposed model in several companies, including SMEs, we show how to solve this model with a conventional spreadsheet.
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spelling doaj.art-ab6a506bfec6418091695a1414a7dd862023-03-23T12:32:24ZengUniversidad de AntioquiaRevista Facultad de Ingeniería Universidad de Antioquia0120-62302422-28442014-04-017210.17533/udea.redin.15545Development of a model that determines the optimal production lot size using nonlinear programming and proposal of resolution with a spreadsheetMaria Pilar Lambán0Javier Valencia1Jesús Royo2Zaragoza's UniversityZaragoza's UniversityZaragoza's University To facilitate the cost reduction effort that the global crisis has led in companies around the world, in this paper we propose a model to streamline production, a key area of the supply chain. The proposed model determines the optimal lot size considering activities of different areas of the supply chain, many of which were not previously considered. In order to facilitate the implementation of the proposed model in several companies, including SMEs, we show how to solve this model with a conventional spreadsheet. https://revistas.udea.edu.co/index.php/ingenieria/article/view/15545logisticsproductionlot sizeeconomic order quantity (EOQ)economic production quantity (EPQ)logistic index
spellingShingle Maria Pilar Lambán
Javier Valencia
Jesús Royo
Development of a model that determines the optimal production lot size using nonlinear programming and proposal of resolution with a spreadsheet
Revista Facultad de Ingeniería Universidad de Antioquia
logistics
production
lot size
economic order quantity (EOQ)
economic production quantity (EPQ)
logistic index
title Development of a model that determines the optimal production lot size using nonlinear programming and proposal of resolution with a spreadsheet
title_full Development of a model that determines the optimal production lot size using nonlinear programming and proposal of resolution with a spreadsheet
title_fullStr Development of a model that determines the optimal production lot size using nonlinear programming and proposal of resolution with a spreadsheet
title_full_unstemmed Development of a model that determines the optimal production lot size using nonlinear programming and proposal of resolution with a spreadsheet
title_short Development of a model that determines the optimal production lot size using nonlinear programming and proposal of resolution with a spreadsheet
title_sort development of a model that determines the optimal production lot size using nonlinear programming and proposal of resolution with a spreadsheet
topic logistics
production
lot size
economic order quantity (EOQ)
economic production quantity (EPQ)
logistic index
url https://revistas.udea.edu.co/index.php/ingenieria/article/view/15545
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AT javiervalencia developmentofamodelthatdeterminestheoptimalproductionlotsizeusingnonlinearprogrammingandproposalofresolutionwithaspreadsheet
AT jesusroyo developmentofamodelthatdeterminestheoptimalproductionlotsizeusingnonlinearprogrammingandproposalofresolutionwithaspreadsheet