The Value of Component Commonality in a Dynamic Inventory System with Lead Times.
Jing-Sheng SongYao ZhaoPublished in: Manuf. Serv. Oper. Manag. (2009)
Keyphrases
- lead time
- supply chain
- multi echelon
- service level
- inventory systems
- lot sizing
- single item
- stochastic lead times
- single product
- random variables
- inventory control
- holding cost
- assembly systems
- total cost
- inventory level
- infinite horizon
- stochastic demand
- optimal base stock levels
- utility function
- inventory costs
- periodic review
- lost sales
- poisson process
- multi item
- order quantity
- supply chain management
- planning horizon
- lot size
- base stock levels
- setup cost