Comparison of objective functions for the JIT problem
Résumé
Just-in-time production models have been developed over recent years in order to reduce costs of diversified small-lot production. Those methods aim et matching the exact demand of each product and therefore holding inventory and shortage costs as small as possible. Different ways of measuring the slack beween a given schedule and the ideal no-inventory no-shortage production have been considered in the literature. This note compares the three most studdied objective functions and refute several conjectures that have been developed in the lastfew years
Loading...