Supply delays and the inventory stocking policy

The purpose of this paper is to consider the effects of parts starvation on process idleness using an inventory policy of the ( s, S) type when there are supply delays. We concentrate our attention on the mutual effects of supply delay and the costs of a facility's idleness which occur when the...

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Bibliographic Details
Published inInternational journal of production economics Vol. 32; no. 1; pp. 83 - 90
Main Authors Sulem, Agnès, Tapiero, Charles S.
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.08.1993
Elsevier Science
Elsevier
Elsevier Sequoia S.A
SeriesInternational Journal of Production Economics
Subjects
Applied sciences
Cost analysis
Effects
Exact sciences and technology
Inventory control
Inventory control, production control. Distribution
Manufacturing
Mathematical models
Operational research and scientific management
Operational research. Management science
Operations research
Studies
Supply
Supply
Inventory control
Shortage
Cost analysis
Flexibility
Delay
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Summary:The purpose of this paper is to consider the effects of parts starvation on process idleness using an inventory policy of the ( s, S) type when there are supply delays. We concentrate our attention on the mutual effects of supply delay and the costs of a facility's idleness which occur when there are parts shortage. This allows a greater understanding of the relationships between an inventory policy and the effects (and value) of flexibility in production.
ISSN:0925-5273
1873-7579
DOI:10.1016/0925-5273(93)90010-I