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Sizing Inventory When Lead Time and Demand are Correlated

✍ Scribed by Ping Wang; Walter Zinn; Keely L. Croxton

Book ID
118091641
Publisher
Production and Operations Management Society
Year
2009
Tongue
English
Weight
87 KB
Volume
19
Category
Article
ISSN
1059-1478

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Inventory control with variation in lead
Inventory control with variation in lead times, especially when demand is intermittent
✍ Anders Segerstedt πŸ“‚ Article πŸ“… 1994 πŸ› Elsevier Science 🌐 English βš– 670 KB

This paper presents a model for inventory control where variation in lead times is allowed. No reorder point is computed. The mean value and the variance for the time between withdrawals, the order size and the lead time are measured by exponential smoothing. These variables are assumed to be Gamma