Abstract | ||
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This paper considers inventory models of the order-quantity/order-point type, or (Q,r) models. In general, the control parameters (Q and r) depend on both the demand process and the replenishment lead time. Although many studies have treated lead time as constant, focusing solely on demand, a (Q,r) model with stochastic lead time could be a building block in Supply Chain Management. Variability in lead time between successive stages is often what disturbs supply chain coordination. |
Year | DOI | Venue |
---|---|---|
1999 | 10.1016/S0377-2217(98)00304-X | European Journal of Operational Research |
Keywords | Field | DocType |
Random lead times,Expedited lead times | Random variable,Mathematical optimization,Expediting,Inventory control,Lead time,Supply chain management,Stochastic modelling,Exponential distribution,Mathematics,Operations management,Convex analysis | Journal |
Volume | Issue | ISSN |
115 | 2 | 0377-2217 |
Citations | PageRank | References |
18 | 1.39 | 2 |
Authors | ||
2 |
Name | Order | Citations | PageRank |
---|---|---|---|
James H. Bookbinder | 1 | 100 | 10.01 |
Metin Çakanyildirim | 2 | 150 | 12.59 |