Suchergebnisse

ABSTRACTBanerjee [1] developed a joint economic‐lot‐size model for the case where a vendor produces to order for a purchaser on a lot‐for‐lot basis under deterministic conditions. The assumption of lot‐for‐lot bases is restrictive in nature. In this note, a more general joint economic‐lot‐size model is suggested and it is shown to provide a lower or equal joint total relevant cost as compared to the model of Banerjee.

ABSTRACTJoglekar and Tharthare [6] presented an alternate approach for minimizing total inventory carrying and ordering costs of a vendor and the purchaser(s). This approach permits the vendor and the purchaser(s) to rationally select their operating policies. Joglekar and Tharthare claimed that their approach is more economical than the joint lot‐size approach. In this note we identify some conceptual issues in their approach and demonstrate the superiority of the joint lot‐size approach with the help of an example.