Decision Support for Lead Time and Demand Variability Reduction

• Main Authors: FANG, Xin, ZHANG, Cheng, ROBB, David J., BLACKBURN, Joseph D.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2013
• Subjects: Supply chain management; Inventory; Decision analysis; Lead time; Marginal value; Business; Operations and Supply Chain Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/4390; https://ink.library.smu.edu.sg/context/lkcsb_research/article/5389/viewcontent/DecisionSupport_LeadTime_2013_av.pdf
• Institution: Singapore Management University

Companies undertaking operations improvement in supply chains face many alternatives. This work seeks to assist practitioners to prioritize improvement actions by developing analytical expressions for the marginal values of three parameters – (i) lead time mean, (ii) lead time variance, and (iii) de...