Lead time reduction in continuous review inventory model

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Title:	Lead time reduction in continuous review inventory model
Authors:	吳坤山;Wu, Kun-shan;Lin, I-chuan
Contributors:	淡江大學企業管理學系
Date:	2001-02
Issue Date:	2009-11-30 12:34:46 (UTC+8)
Publisher:	New Delhi: TARU Publications
Abstract:	The Japanese successful experiences of using Just-In-Time (JIT) production show that the advantages and benefits associated with the efforts to control the lead-time. The goal of JIT inventory management philosophies is the focus that emphasizes high quality. keeps low inventory level and lead-time to a practical minimum. Thus, lead time can be reduced. the expense of an additional investment cost, so as to improve customer service level. This article combines the concept of capital investment allocated to reducing lead time. A continuous review inventory model is developed and a procedure is provided to find the optimal order quantity and optimal lead time reduction investment.
Relation:	Journal of interdisciplinary mathematics 4(1), pp.83-92
DOI:	10.1080/09720502.2001.10700291
Appears in Collections:	[Graduate Institute & Department of Business Administration] Journal Article

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