The impact of stochastic lead time reduction on inventory cost under order crossover.
Jack C. HayyaTerry P. HarrisonXin James HePublished in: Eur. J. Oper. Res. (2011)
Keyphrases
- lead time
- optimal base stock levels
- periodic review inventory
- stochastic lead times
- total cost
- supply chain
- lot size
- base stock policies
- cost reduction
- replenishment policy
- periodic review
- setup cost
- single item
- customer demand
- lost sales
- assembly systems
- holding cost
- lot sizing
- order quantity
- base stock policy
- inventory systems
- inventory control
- service level
- fixed cost
- inventory costs
- random variables
- planning horizon
- multi echelon
- reorder point
- single stage
- stochastic inventory
- inventory policy
- cost minimization
- production cost
- infinite horizon