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Effect of Lead Time on Inventory: A Static Analysis
Operational Research Quarterly (1970-1977)
Vol. 26, No. 2, Part 1 (Jun., 1975), pp. 273-282
Stable URL: http://www.jstor.org/stable/3008461
Page Count: 10
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In the (Q, R) inventory model with variable lead time the relative sensitivity of almost all decision variables and performance measures to mean lead time unlike that to the variance of lead time is solely determined by the coefficient of variation of demand. The implication of the results is discussed and numerical illustrations are provided.
Operational Research Quarterly (1970-1977) © 1975 Operational Research Society