An inventory model with finite-range stochastic lead times |
| |
| Authors: | Georghios P Sphicas Farrokh Nasri |
| |
| Institution: | Department of Management, Baruch College, City University of New York, New York, New York 10010 |
| |
| Abstract: | This article considers an inventory model with constant demand and stochastic lead times distributed over a finite range. A generalization of the EOQ formula with backorders is derived and ranges for the decision variables are obtained. The results are illustrated with the case of uniformly distributed lead time. |
| |
| Keywords: | |
|
|
