Analysis of lead time correlation under a base-stock policy

DOI10.1016/J.EJOR.2019.01.029MaRDI QIDQ666961zbMATH OpenOpenAlexWikidataFDO

Authors Tim Hellemans, Robert N. Boute, Benny Van Houdt

Publication date 12 March 2019

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2019.01.029

zbMATH Keywords

base-stock policyinventoryorder crossoversstochastic correlated lead-times

Mathematics Subject Classification ID

Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Inventory, storage, reservoirs (90B05)

Recommendations

• Coordinating lead times and safety stocks under autocorrelated demand
• Performance evaluation of a production/inventory system with periodic review and endogenous lead times
• The Effect of Leadtime Uncertainty in a Simple Stochastic Inventory Model
• Inventory control in multi-echelon divergent systems with random lead times
• (s,S) inventory systems with correlated demands

Cites work

• A Dynamic Inventory Model with Stochastic Lead Times
• A Single-Unit Decomposition Approach to Multiechelon Inventory Systems
• An inventory model with order crossover
• Analysis of production and inventory systems when orders may cross over
• Coordinating lead times and safety stocks under autocorrelated demand
• scientific article; zbMATH DE number 3216838 (Why is no real title available?)
• scientific article; zbMATH DE number 3322720 (Why is no real title available?)
• Inventory Control with Information About Supply Conditions
• Inventory management for stochastic lead times with order crossovers
• Inventory management with an exogenous supply process
• Mitigating variance amplification under stochastic lead-time: the proportional control approach
• Order-Level Inventory Systems with Independent Stochastic Leadtimes
• The impact of stochastic lead time reduction on inventory cost under order crossover

Cited in

(5)

• Coordinating lead times and safety stocks under autocorrelated demand
• scientific article; zbMATH DE number 3878654 (Why is no real title available?)
• Comparative study of the calculation of the reorder point when demand and lead time follow a Poisson distribution and are correlated
• Non-crossing vs. independent lead times in a lost-sales inventory system with compound Poisson demand
• Approximations of lead-time distributions in an assemble-to-order system under a base-stock policy

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