Economic lot sizing with learning and continuous time discounting: Is it significant?

摘要

Learning curves are a means of representing continuous improvement in firms. Such improvements bring savings in production costs. This may also allow smaller batches to be produced more frequently and hence bring further savings in holding costs. Earlier research advocated that for more realistic modelling of inventory problems, the holding cost should be evaluated means of the internal discount rate of the firm (C.Van Deft, J.P.Vail, International Journal of Production Economics 44 (1996) 255-265).