Lotsizing Optimization System OptLot
Cycle and/or lot-sizing inventory is due to economies of scale of activities in supply chain. The presence of fixed costs associated with transportation, production, and ordering makes us transport, produce, and order in large lot. OptLot provides an optimal lot-sizing decision in such situations. It optimizes the trade-offs between fixed costs and cycle and/or lot-size inventory costs. Furthermore, OptLot includes multi-period production planning as a special case and can be used a master production planning system in manufacturing.