Inventory models considering lead time as a decision variable have been developed by several researchers recently.
In a recently study, Pan and Yang (2002) generalized Goyal's (1988) model by considering lead time as a decision variable and obtained a lower joint total expected cost and shorter lead time.
We consider the design of an outbound supply chain network considering lead times, location of distribution facilities and choice of transportation mode.
Here, we consider the lead time crashing cost is an exponential function of lead time, and the order processing cost and lost sales rate are logarithmic functions of capital investment.
are proposed for commercial products, one needs to consider the lead time and build a business case (time saving, training needs, implementation feasibility etc).
Considering the lead time of supply of new vessel, it was decided to carry out Engineering Critical Assessment (ECA) using IOC's in-house developed software, before taking the vessel in service.
A decision was taken to replace the vessel but considering the lead time of supply of new vessel, it was decided to quantify the extent of damage and to carry out Engineering Critical Assessment (ECA) using an in-house RLA software, before taking the vessel in service.
Class materials: What is considered sufficient lead time to prepare or copy any teaching materials?
Usually, it is considered that lead time crash cost depends on the amount of lead time to be shortened.
In addition, readers can extend or develop the model considering delivery lead time or multiple competing manufacturers/wholesalers with cooperative or competitive games.
