The effectiveness of investment in lead time reduction for a make-to-stock product

被引：12
|
作者：
Ray, S [1 ]
Gerchak, Y
Jewkes, EM
机构：
[1] McGill Univ, Fac Management, Montreal, PQ H3A 1G5, Canada
[2] Tel Aviv Univ, Dept Ind Engn, IL-69978 Tel Aviv, Israel
[3] Univ Waterloo, Dept Management Sci, Waterloo, ON N2L 3G1, Canada
来源：
IIE TRANSACTIONS | 2004年 / 36卷 / 04期
基金：
加拿大自然科学与工程研究理事会;
关键词：
D O I：
10.1080/07408170490279570
中图分类号：
T [工业技术];
学科分类号：
08 ;
摘要：
This paper focuses on a firm selling a make-to-stock product with a constant customer demand rate. The firm follows an exact (Q, r) policy for raw material inventory control and faces a random replenishment lead time. Through this research, we wish to gain a better understanding of the impact of investing in reducing supply lead time when the investment costs have to be borne, partly or fully, by the firm. This work is motivated by the recognition that lead time reduction is now of strategic importance in the successful operation of a firm. We examine different types of investment schemes in replenishment lead time reduction and the different cost models they generate. We present analytical and numerical results and insights for each type of model, compute the optimal ( Q, r) policy and the associated investment levels. The work presents new results, and sheds light on some apparently counter-intuitive observations.
引用
收藏
页码：333 / 344
页数：12
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