Investing in Lead-Time Variability Reduction in a Quality-Adjusted Inventory Model with Finite-Range Stochastic Lead-Time.
Farrokh NasriM. Javad PaknejadJohn F. AffiscoPublished in: Adv. Decis. Sci. (2008)
Keyphrases
- lead time
- lot size
- poisson process
- supply chain
- assembly systems
- base stock policy
- multi echelon
- service level
- inventory control
- lot sizing
- customer demand
- inventory systems
- single item
- total cost
- holding cost
- probabilistic model
- single product
- replenishment policy
- reorder point
- stochastic lead times
- random variables
- setup cost
- inventory level
- stochastic process
- infinite horizon
- optimal base stock levels
- base stock policies
- base stock levels