A Simple, Robust Leadtime-Quoting Policy

@article{Hopp2001ASR,
  title={A Simple, Robust Leadtime-Quoting Policy},
  author={Wallace J. Hopp and Melanie Roof Sturgis},
  journal={Manufacturing & Service Operations Management},
  year={2001},
  volume={3},
  pages={321-336}
}
  • Wallace J. Hopp, Melanie Roof Sturgis
  • Published in
    Manufacturing & Service…
    2001
  • Economics, Computer Science
  • We examine leadtime-quoting polices for minimizing average lead time subject to customer service constraints on fill rate, tardiness, or relative tardiness in simple systems with exponential and normal processing times. By studying the resulting safety leadtimes implied by each policy we gain insight into why some policies perform more robustly with respect to different measures of customer service than do others. This analysis suggests that a simple constant safety leadtime policy should work… CONTINUE READING

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