Analysis of a Standing Order Inventory System with Emergency Orders

Matthew Rosenshine and Duncan Obee
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Matthew Rosenshine: The Pennsylvania State University, University Park, Pennsylvania
Duncan Obee: The Pennsylvania State University, University Park, Pennsylvania

Operations Research, 1976, vol. 24, issue 6, 1143-1155

Abstract: The advent of relatively sophisticated information systems has made it possible for many businesses that keep inventories to know their needs very rapidly. However, the producers of these inventories have not all made comparable advances in scheduling production to meet the rapidly changing orders placed by their increasingly sophisticated customers. As a result, leadtimes have been growing rather than decreasing. Since in most cases the company needing the inventory cannot control the leadtime, it must either accept it or look for ways to mitigate its effect. This paper evaluates one way to cope with the problem of large or growing leadtimes.

Date: 1976
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