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Inventory control of raw materials under stochastic and seasonal lead times

Publié dansInternational journal of production economics, vol. 43, no. 24, p. 5161-5179
Date de publication2005
Résumé

Most inventory modelling has assumed stochastic demands and constant lead times. However, here we consider a problem for which the opposite situation holds; namely, there is a known constant demand rate, but lead times are random variables. Moreover, the probability distributions of the lead times change in a seasonal fashion. Also, shortages of raw materials result in lost sales. The goal of this paper is to propose heuristic methods for minimizing the expected costs in such a situation. This study was motivated by a problem of management of raw material at a sawmill.

Mots-clés
  • Inventory management
  • Seasonality
  • Tabu search
  • Simulation
Citation (format ISO)
SILVER, Edward A., ZUFFEREY, Nicolas. Inventory control of raw materials under stochastic and seasonal lead times. In: International journal of production economics, 2005, vol. 43, n° 24, p. 5161–5179.
Fichiers principaux (1)
Article (Published version)
accessLevelRestricted
Identifiants
  • PID : unige:26175
ISSN du journal0925-5273
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