The Effect of Lead-Time Variability: The Case of Independent Demand
We show in this study, through analysis and examples, the impact on stockouts and stockout risk if the variability of lead time in independent demand systems is ignored. In calculating safety stocks, we recommend that the compound distribution of demand during lead time, or a good approximation to i...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1986
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/sis_research/1771 http://dx.doi.org/10.1016/0272-6963(86)90023-9 |
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| Institution: | Singapore Management University |
| Language: | English |