Approximations of lead-time distributions in an assemble-to-order system under a base-stock policy.
Sung-Seok KoJin Young ChoiDong-Won SeoPublished in: Comput. Oper. Res. (2011)
Keyphrases
- lead time
- base stock policy
- random variables
- independent and identically distributed
- supply chain
- inventory systems
- service level
- probability distribution
- inventory control
- lot sizing
- base stock policies
- optimal base stock levels
- base stock levels
- single product
- single item
- single stage
- stochastic demand
- total cost
- setup cost
- periodic review
- infinite horizon
- stochastic lead times
- customer demand
- planning horizon
- holding cost
- lot size
- utility function
- graphical models