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| Author: | Glasserman, P. Wang, Y. |
| Title: | Leadtime-inventory trade-offs in assemble-to-order systems |
| Journal: | Operations Research
1998 : NOV-DEC, VOL. 46:6, p. 858-871 |
| Index terms: | OPERATIONAL RESEARCH INVENTORY CONTROL ECONOMICS |
| Language: | eng |
| Abstract: | This paper studies the trade-offs between inventory levels and the delivery leadtime offered to customers in achieving a target level of service. It addresses the question of how much a delivery leadtime can be reduced, per unit increase in inventory, at a fixed fill rate. The authors show that for a class of assemble-to-order models with stochastic demands and production intervals there is a simple linear trade-off between inventory and delivery leadtime, in a limiting sense, at high fill rates. |
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