A componentwise index of service measurement in multi-component systems

Sridhar Seshadri, Jayashankar M. Swaminathan

Research output: Contribution to journalArticlepeer-review

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.

Original languageEnglish (US)
Pages (from-to)184-194
Number of pages11
JournalNaval Research Logistics
Volume50
Issue number2
DOIs
StatePublished - Mar 2003

Keywords

  • Fixed budget
  • Greedy allocation
  • Multi-component inventory/assembly system
  • Random lead times

ASJC Scopus subject areas

  • Modeling and Simulation
  • Ocean Engineering
  • Management Science and Operations Research

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