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A componentwise index of service measurement in multi‐component systems
Authors:Sridhar Seshadri  Jayashankar M Swaminathan
Abstract:In this paper we present a componentwise delay measure for estimating and improving the expected delays experienced by customers in a multi‐component inventory/assembly system. We show that this measure is easily computed. Further, in an environment where the performance of each of the item delays could be improved with investment, we present a solution that aims to minimize this measure and, in effect, minimizes the average waiting time experienced by customers. © 2002 Wiley Periodicals, Inc. Naval Research Logistics 50: 2003
Keywords:multi‐component inventory/assembly system  random lead times  fixed budget  greedy allocation
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