\input zb-basic
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\iteman{io-port 05924818}
\itemau{Ramaswamy, Kizhanatham V.}
\itemti{Optimal lot sizing with CNC machines.}
\itemso{J. Inf. Optim. Sci. 31, No. 3, 679-688 (2010).}
\itemab
Summary: An algorithm is presented for determining the optimal machining parameters for each of a set operations required to produce a product in the economic lot sizing context using a CNC Machine Tool. The cost components considered are: (1) inventory carrying cost; (2) cost of machine and operator time; (3) the cost of tools consumed; and (4) the set up cost for producing each lot. The optimizing criterion is minimum total cost comprising the above components on a unit time basis. It is shown that the optimal machining parameters could be outside what is considered the efficiency range in traditional machining economics.
\itemrv{~}
\itemcc{}
\itemut{machining economics}
\itemli{}
\end