INVESTING IN REDUCING LEAD-TIME RANDOMNESS IN CONTINUOUS-REVIEW INVENTORY MODELS

被引:25
作者
GERCHAK, Y
PARLAR, M
机构
[1] Department of Management Sciences, University of Waterloo, Waterloo
[2] Faculty of Business, McMaster University, Hamilton
来源
ENGINEERING COSTS AND PRODUCTION ECONOMICS | 1991年 / 21卷 / 02期
基金
加拿大自然科学与工程研究理事会;
关键词
D O I
10.1016/0167-188X(91)90032-W
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
We consider the selection of optimal lead time variability in continuous review inventory models. The variability level is optimized jointly with the lot size and reorder point, where lower variability can be achieved at an extra cost. Low variabilities may correspond to more reliable sources or production processes, and their attainment is one of the implicit goals of JIT logistics. We analyze the resulting tri-variate models, providing sufficient conditions for joint convexity, and hence unique optimum, an algorithm and illustrative examples.
引用
收藏
页码:191 / 197
页数:7
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