Investing in lead-time variability reduction in a collaborative vendor-buyer supply chain model with stochastic lead time.
Hsien-Jen LinPublished in: Comput. Oper. Res. (2016)
Keyphrases
- lead time
- supply chain
- supply chain management
- replenishment policy
- customer demand
- inventory control
- service level
- stochastic lead times
- lot size
- single item
- lot sizing
- inventory systems
- single product
- base stock policy
- planning horizon
- total cost
- probabilistic model
- holding cost
- inventory management
- random variables
- order quantity
- objective function
- infinite horizon
- single period
- periodic review
- decision making
- inventory level