This research compares the logistics systems of Asia and Europe and categorises them into distinct levels of logistics excellence. First, the context in Asia and in Europe is summarized. Then, attributes of a world‐class logistics system are proposed. By applying cluster analysis to data from...

Just‐in‐time (JIT) production has been a subject of considerable research in the past few years. The Japanese were the first to actually use JIT systems rather than the traditional economic order quantity inventory system or the more recent method of Material Requirements Planning (MRP)....

Two lot‐sizing heuristics are proposed for deterministic time‐varying demands, a case commonly encountered in requirements planning systems. The first heuristic simplifies the stopping rule of the Silver‐Meal (SM) heuristic so that difficult cases may be solved nearly optimally. The second...