Exploiting Random Lead Times for Significant Inventory Cost Savings

Keyphrases

• Cost Savings 100%
• Inventory Cost 100%
• Base-stock Policy 100%
• Random Lead Time 100%
• Backlog 33%
• Inventory Level 33%
• Policy Parameters 33%
• Time Distribution 16%
• Exponential Distribution 16%
• Replenishment 16%
• Independent Identically Distributed 16%
• Optimal Policy 16%
• Asymptotic Analysis 16%
• Minimum Cost 16%
• Excess Cost 16%
• Optimal Cost 16%
• Inventory Position 16%
• Use Simulation 16%
• Inventory Policy 16%
• Inventory System 16%
• Optimality Gap 16%
• Demand Rate 16%
• Dynamic Target 16%
• In-transit 16%
• Order Crossover 16%
• Unsatisfied Demand 16%