A review paper on the economic lot scheduling problem with the common cycle approach

Production scheduling is a critical component of modern manufacturing, as it ensures the efficient use of limited and often expensive production resources. The integration of lot sizing and scheduling has therefore attracted significant scholarly attention, offering opportunities to improve capacity utilization and inventory management. This paper reviews and synthesizes the literature on the Economic Lot Scheduling Problem (ELSP), with particular emphasis on studies adopting the Common Cycle (CC) approach. The reviewed works are systematically classified into key categories, including defective production processes, shortage policies, maintenance activities, deteriorating items, objective functions, and modeling constraints. This taxonomy not only organizes the diverse body of research but also highlights thematic trends and methodological contributions across more than three decades of ELSP studies.