Lead time reduction strategies in a single-vendorsingle-buyer integrated inventory model with lot size-dependent lead times and stochastic demand

International Journal of Production Economics

Volumn 136, Issue 1, 2012, Pages 37-44

  Glock, Christoph H ^a  

^a UNIVERSITY OF WÜRZBURG   (Germany)

Author keywords

Integrated inventory model; Lead time reduction; Single buyer; Single vendor; Variable production rate

Indexed keywords

INTEGRATED INVENTORY MODEL; LEAD TIME REDUCTION; SINGLE BUYER; SINGLE VENDOR; VARIABLE PRODUCTION RATE;

COST REDUCTION; INTEGRATION; INVENTORY CONTROL; SALES; STOCHASTIC SYSTEMS;

STOCHASTIC MODELS;

EID: 84855986210     PISSN: 09255273     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijpe.2011.09.007     Document Type: Article

References (39)

1. M. Ben-Daya, and M. Hariga Lead-time reduction in a stochastic inventory system with learning consideration International Journal of Production Research 41 2003 571 579
2. M. Ben-Daya, and M. Hariga Integrated single vendor single buyer model with stochastic demand and variable lead time International Journal of Production Economics 92 2004 75 80
3. M. Ben-Daya, and A. Raouf Inventory models involving lead time as a decision variable Journal of the Operational Research Society 45 1994 579 582
4. C. Chandra, and J. Grabis Inventory management with variable lead-time dependent procurement cost Omega 36 2008 877 887
5. H.C. Chang, L.Y. Ouyang, K.S. Wu, and C.H. Ho Integrated vendorbuyer cooperative inventory models with controllable lead time and ordering cost reduction European Journal of Operational Research 170 2006 481 495
6. W.J. Christensen, R.N. Germain, and L. Birou Variance vs average: supply chain lead-time as a predictor of financial performance Journal of Supply Chain Management 12 2007 349 357
7. C.H. Glock A comment: 'integrated single vendor single buyer model with stochastic demand and variable lead time' International Journal of Production Economics 122 2009 790 792
8. C.H. Glock Batch sizing with controllable production rates International Journal of Production Research 48 2010 5925 5942
9. C.H. Glock Batch sizing with controllable production rates in a multi-stage production system International Journal of Production Research 49 2011 6017 6039
10. G. Hadley, and T.M. Whittin Analysis of Inventory Systems 1963 Prentice-Hall Englewood Cliffs
11. M. Hariga A stochastic inventory model with lead time and lot size interaction Production Planning and Control 10 1999 434 438
12. E. Heard, and G. Plossl Lead time revisited Production and Inventory Management Journal 25 1984 32 47
13. W.J. Hopp, M.L. Spearman, and D.L. Woodruf Practical strategies for lead time reduction Manufacturing Review 3 1990 78 84
14. M.A. Hoque An alternative model for integrated vendorbuyer inventory under controllable lead time and its heuristic solution International Journal of Systems Science 38 2007 501 509 (Pubitemid 46842759)
15. M.A. Hoque, and S.K. Goyal A heuristic procedure for an integrated inventory system under controllable lead-time with equal or unequal sized batch shipments between a vendor and a buyer International Journal of Production Economics 102 2006 217 225
16. Y.-C. Hsiao A note on integrated single vendor single buyer model with stochastic demand and variable lead time International Journal of Production Economics 114 2008 294 297
17. P.N. Joglekar Comments on 'a quantity discount pricing model to increase vendor profits' Management Science 34 1988 1391 1398
18. L.A. Johnson, and D.C. Montgomery Operations Research in Production Planning, Scheduling, and Inventory Control 1974 John Wiley & Sons New York
19. U.S. Karmarker Lot sizes, lead times and in-process inventories Management Science 33 1987 409 418
20. M. Khouja, and A. Mehrez Economic production lot size model with variable production rate and imperfect quality Journal of the Operational Research Society 45 1994 1405 1417
21. J.S. Kim, and W.C. Benton Lot size dependent lead times in a Q,R inventory system International Journal of Production Research 33 1995 41 58
22. C.J. Liao, and C.H. Shyu An analytical determination of lead time with normal demand International Journal of Operations and Production Management 11 1991 72 78
23. H.L. Lee, and M.J. Rosenblatt Simultaneous determination of production cycle and inspection schedules in a production system Management Science 33 1987 1125 1136
24. M.K. Maiti, and M. Maiti Two-storage inventory model with lot-size dependent fuzzy lead-time under possibility constraints via genetic algorithm European Journal of Operational Research 179 2007 352 371 (Pubitemid 44821625)
25. L.Y. Ouyang, and H.C. Chang Lot size reorder point inventory model with controllable lead time and set-up cost International Journal of Systems Science 33 2002 635 642
26. L.Y. Ouyang, N.C. Yeh, and K.S. Wu Mixture inventory model with backorders and lost sales for variable lead time Journal of the Operational Research Society 47 1996 829 832
27. L.Y. Ouyang, K.S. Wu, and C.H. Ho Integrated vendorbuyer cooperative models with stochastic demand in controllable lead time International Journal of Production Economics 92 2004 255 266
28. J.C.-H. Pan, and M.C. Lo The learning effect on setup cost reduction for mixture inventory models with variable lead time Asia Pacific Journal of Operational Research 25 2008 513 529
29. J.C.-H. Pan, and J.S. Yang A study of an integrated inventory with controllable lead time International Journal of Production Research 40 2002 1263 1273 (Pubitemid 34593797)
30. E.L. Portheus Investing in reduced setups in the EOQ model Management Science 31 1985 998 1010
31. S. Shingo A Revolution in Manufacturing: The SMED System 1985 Productivity Press Cambridge, MA
32. E.A. Silver, D.F. Pyke, and R. Peterson Inventory Management and Production Planning and Scheduling third ed. 1998 Wiley New York
33. R.J. Tersine Principles of Inventory and Materials Management, fourth ed. 2002 Prentice Hall Upper Saddle River
34. R.J. Tersine, and E.A. Hummingbird Lead-time reduction: the search for competitive advantage International Journal of Operations and Production Management 15 1995 8 18 (Pubitemid 39032497)
35. S.C. Trovinger, and R.E. Bohn Setup time reduction for electronics assembly: combining simple (SMED) and IT-based methods Production and Operations Management 14 2005 205 217 (Pubitemid 41452504)
36. K.S. Wu, L.Y. Ouyang, and C.H. Ho Integrated vendorbuyer inventory system with sublot sampling inspection policy and controllable lead time International Journal of Systems Science 38 2007 339 350
37. J.S. Yang, and Y.C.-H. Pan Just-in-time purchasing: an integrated inventory model involving deterministic variable lead time and quality improvement investment International Journal of Production Research 42 2004 853 863
38. R. Zequeira, A. Durán, and G. Gutiérrez A mixed inventory model with variable lead time and random back-order rate International Journal of Systems Science 36 2005 329 339 (Pubitemid 41663594)
39. K. Zhu, R.Q. Zhang, and F. Tsung Pushing quality improvement along the supply chain Management Science 53 2007 421 436 (Pubitemid 46652842)