February 2016
Intermediate to advanced
480 pages
219h 58m
English
An MRP system is an excellent way to do production planning and determine net requirements. But net requirements still demand a decision about how much and when to order. This decision is called a lot-sizing decision. There are a variety of ways to determine lot sizes in an MRP system; commercial MRP software usually includes the choice of several lot-sizing techniques. We now review a few of them.
In Example 3, we used a lot-sizing technique known as lot-for-lot, which produced exactly what was required. This decision is consistent with the objective of an MRP system, which is to meet the requirements of dependent demand. Thus, ...