STOCHASTIC INVENTORY MODEL WITH CONTROLLABLE LEAD TIME

被引:13
作者
LIAO, CJ
SHYU, CH
机构
[1] Department of Industrial Management, National Taiwan Institute of Technology, Taipei, TWN
关键词
Controllable lead-time - Crashing cost - Expected shortage - Inventory modeling - Inventory models - Leadtime - Re orderings - Stochastic inventory model;
D O I
10.1080/00207729108910796
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
Most traditional inventory models assume that the lead time is prescribed (either deterministic or stochastic) and thus is not subject to control. We consider an inventory model in which the lead time can be controlled. It is assumed that the demand follows a Poisson distribution and the crashing cost for reduced lead time is proportional to the length of time being crashed. The objective is to determine the optimal lead time and re-order point pair in order to minimize the expected total cost which is composed of the expected carrying cost, the expected shortage cost and the crashing cost.
引用
收藏
页码:2347 / 2354
页数:8
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