Lot Sizes, Lead Times and In-Process Inventories

Uday S. Karmarkar
Additional contact information
Uday S. Karmarkar: Graduate School of Management, University of Rochester, Rochester, New York 14627

Management Science, 1987, vol. 33, issue 3, 409-418

Abstract: In many manufacturing problems, the total lead time taken to manufacture a product is an important consideration. Long lead times impose costs due to higher work-in-process inventory, increased uncertainty about requirements, larger safety stocks and poorer performance to due dates. Traditional lot sizing models ignore lead time related costs, although there are systematic relationships between lot sizes and lead times. This paper examines these relationships and their implications for lot sizing and work-in-process inventories, for batch manufacturing shops with queues.

Keywords: inventory/production: policies; leadtime; queues: applications (search for similar items in EconPapers)
Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (78)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.33.3.409 (application/pdf)

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:inm:ormnsc:v:33:y:1987:i:3:p:409-418

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().