EconPapers    
Economics at your fingertips  
 

Fair no-unnecessary-waiting-time-FCFS allocation rule in multi-item inventory systems

Jiejian Feng

IISE Transactions, 2018, vol. 50, issue 6, 525-534

Abstract: The average customer waiting time is an important measure of service quality in systems in which customers may order multiple items. In this article, we introduce a new allocation discipline that not only eliminates the unnecessary waiting time of new customers by reallocating reserved items but also retains the fairness of the First-Come-First-Serve allocation rule. We develop analytic expressions for the average customer waiting time in the system with two items and unit demands under the new allocation rule, and our numerical experiments demonstrate a reduction in waiting time. We also provide an algorithm to evaluate the average customer waiting time when a system is with multiple items and batch ordering; simulation results show that the average customer waiting time of some demands can be significantly reduced up to 99.97%.

Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/24725854.2018.1431743 (text/html)
Access to full text is restricted to subscribers.

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:taf:uiiexx:v:50:y:2018:i:6:p:525-534

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/uiie20

DOI: 10.1080/24725854.2018.1431743

Access Statistics for this article

IISE Transactions is currently edited by Jianjun Shi

More articles in IISE Transactions from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-20
Handle: RePEc:taf:uiiexx:v:50:y:2018:i:6:p:525-534