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Marginal analysis production planning

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  • Rinks, Dan B

Abstract

A forward looking with backward recourse production planning heuristic is developed using marginal analysis. In the search for a minimum cost solution, a set of rules derived by Kunreuther and Morton for determining planning horizons is employed. It is shown that the logic of the heuristic is similar to several dynamic lot-sizing models. The marginal analysis production planning (MAPP) heuristic is computationally more efficient than optimizing approaches and gives results that are generally less than 5% more expensive than the optimal solution. In addition, through the notion of level periods, the heuristic permits the user to easily investigate strategies where the work force size and daily production rate remain constant for a specified number of periods.

Suggested Citation

  • Rinks, Dan B, 1985. "Marginal analysis production planning," Omega, Elsevier, vol. 13(3), pages 181-190.
    • Handle: RePEc:eee:jomega:v:13:y:1985:i:3:p:181-190
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