An inventory model with finite-range stochastic lead times |
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| Authors: | Georghios P. Sphicas Farrokh Nasri |
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| Affiliation: | Department of Management, Baruch College, City University of New York, New York, New York 10010 |
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| 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. |
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