A Simulation and Evaluation Study of the Economic Production Quantity Lot Size and Kanban for a Single Line, Multi-Product Production System Under Various Setup Times

A Simulation and Evaluation Study of the Economic Production Quantity Lot Size and Kanban for a Single Line, Multi-Product Production System Under Various Setup Times

Bibliographic Details
Main Author: Moran, Terrence J.
Language:English
Published: Kent State University / OhioLINK 2008
Subjects:
Business Costs
Industrial Engineering
Management
Mechanical Engineering
Operations Research
Economic Production Quantity
Kanban
Production Systems
Lot Size
Manufacturing Systems
Online Access:http://rave.ohiolink.edu/etdc/view?acc_num=kent1213302997
id ndltd-OhioLink-oai-etd.ohiolink.edu-kent1213302997
record_format oai_dc
spelling ndltd-OhioLink-oai-etd.ohiolink.edu-kent12133029972021-08-03T05:36:32Z A Simulation and Evaluation Study of the Economic Production Quantity Lot Size and Kanban for a Single Line, Multi-Product Production System Under Various Setup Times Moran, Terrence J. Business Costs Industrial Engineering Management Mechanical Engineering Operations Research Economic Production Quantity Kanban Production Systems Lot Size Manufacturing Systems <p>There are advantages to both Economic Production Quantity (EPQ) model and the Kanban model (Nicholas, 1998). The EPQ still has large lots, which generally lower costs associated with long setup times but due to larger inventories raise costs. Kanban systems on the other hand, manufacture only the necessary quantity of products, at the necessary time, and at the necessary place resulting in reduced work-in-process (WIP) inventory (Monden, 1993). Kanban systems tend to have lower inventory costs but higher setup costs since setups are more frequent. There is a lack of research evaluating EPQ and Kanban that isolates setup time. Clearly, Kanban is not the answer for all situations and neither is EPQ. When setup costs are high, the EPQ model may be more appropriate.</p><p>The Setup time variable was evaluated for the two systems (Kanban and EPQ) against the five performance measures of total annual cost, total completion time, average WIP inventory, average WIP cost, and annual setup cost. EPQ outperforms Kanban on three (total cost, total time, setup cost) of the five measures used for setup time. On the measure of WIP inventory # units, EPQ is superior when setup time is less than 5 minutes. On the measure of WIP inventory cost, Kanban 5 is superior.</p><p>The research helped clarify for practitioners whether EPQ might be more suitable than Kanban for their given situations. It gives practitioners a potential solution for evaluating the choice between Kanban and EPQ. By evaluating the Kanban and EPQ in a single study, this dissertation offers managers a better understanding of choosing the correct production system for their multi-product production line. This contribution is significant because it evaluates the different systems and provides insights on selecting the correct system for a multi-product item.</p> 2008-07-08 English text Kent State University / OhioLINK http://rave.ohiolink.edu/etdc/view?acc_num=kent1213302997 http://rave.ohiolink.edu/etdc/view?acc_num=kent1213302997 unrestricted This thesis or dissertation is protected by copyright: all rights reserved. It may not be copied or redistributed beyond the terms of applicable copyright laws.
collection NDLTD
language English
sources NDLTD
topic Business Costs
Industrial Engineering
Management
Mechanical Engineering
Operations Research
Economic Production Quantity
Kanban
Production Systems
Lot Size
Manufacturing Systems
spellingShingle Business Costs
Industrial Engineering
Management
Mechanical Engineering
Operations Research
Economic Production Quantity
Kanban
Production Systems
Lot Size
Manufacturing Systems
Moran, Terrence J.
A Simulation and Evaluation Study of the Economic Production Quantity Lot Size and Kanban for a Single Line, Multi-Product Production System Under Various Setup Times
author Moran, Terrence J.
author_facet Moran, Terrence J.
author_sort Moran, Terrence J.
title A Simulation and Evaluation Study of the Economic Production Quantity Lot Size and Kanban for a Single Line, Multi-Product Production System Under Various Setup Times
title_short A Simulation and Evaluation Study of the Economic Production Quantity Lot Size and Kanban for a Single Line, Multi-Product Production System Under Various Setup Times
title_full A Simulation and Evaluation Study of the Economic Production Quantity Lot Size and Kanban for a Single Line, Multi-Product Production System Under Various Setup Times
title_fullStr A Simulation and Evaluation Study of the Economic Production Quantity Lot Size and Kanban for a Single Line, Multi-Product Production System Under Various Setup Times
title_full_unstemmed A Simulation and Evaluation Study of the Economic Production Quantity Lot Size and Kanban for a Single Line, Multi-Product Production System Under Various Setup Times
title_sort simulation and evaluation study of the economic production quantity lot size and kanban for a single line, multi-product production system under various setup times
publisher Kent State University / OhioLINK
publishDate 2008
url http://rave.ohiolink.edu/etdc/view?acc_num=kent1213302997
work_keys_str_mv AT moranterrencej asimulationandevaluationstudyoftheeconomicproductionquantitylotsizeandkanbanforasinglelinemultiproductproductionsystemundervarioussetuptimes
AT moranterrencej simulationandevaluationstudyoftheeconomicproductionquantitylotsizeandkanbanforasinglelinemultiproductproductionsystemundervarioussetuptimes
_version_ 1719422440272035840

Similar Items