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Combining The Learning Curve Concept With Economic Lot Sizing, James C. Goodwin Jr., Jack S. Goodwin
Combining The Learning Curve Concept With Economic Lot Sizing, James C. Goodwin Jr., Jack S. Goodwin
Robins School of Business White Paper Series, 1980-2022
Simple concepts familiar to most operations management students are frequently not integrated as a result of the complexity generated by their combination. This expository note demonstrates a method for combining the economic lot size concept with the learning curve and using a simple computer algorithm for solution purposes. It avoids the traditional trade-off of reality and accuracy for expediency.