A note on “lead time reduction strategies in a single-vendor-single-buyer integrated inventory model with lot size-dependent lead times and stochastic demand”

Qiong Mou, Yunlong Cheng and Huchang Liao

International Journal of Production Economics, 2017, vol. 193, issue C, 827-831

Abstract: Glock [2012. Lead time reduction strategies in a single-vendor-single-buyer integrated inventory model with lot size-dependent lead times and stochastic demand. International Journal of Production Economics 136, 37–44] recently presented an integrated inventory model where the lead time can be reduced by crashing the setup and transportation time, by increasing the production rate, or by decreasing the lot size. In this note, we introduce a more realistic lead time crashing cost and propose a modified integrated inventory model by adding the transportation time as a decision variable and assuming that there are two different safety stocks. Furthermore, we give some numerical examples to illustrate the advantages of the modified model.

Keywords: Integrated model; Single vendor single buyer; Lead time reduction; Variable production rate (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0925527317302967
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:193:y:2017:i:c:p:827-831

DOI: 10.1016/j.ijpe.2017.09.012

Access Statistics for this article

International Journal of Production Economics is currently edited by Stefan Minner

More articles in International Journal of Production Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().