A Simulation Study Of Economic Production Quantity Lot Size To Kanban For A Single Line Production System Under Various Setup Times With Average Work In Process (WIP) Inventory Cost As Performance Metric

Abstract

The Setup time variable was evaluated for the two systems (Kanban and EPQ) against the performance measure of average WIP inventory cost. EPQ outperforms Kanban on average WIP inventory cost at setup times less than 8 minutes. The research helped clarify for practitioners whether EPQ might be more suitable than Kanban for their given situations.