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Leadtime, Inventory, and Service Level in Assemble-to-Order Systems

  • Yashan Wang
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 42)

Abstract

Supply chain design and management has recently gained unprecedented recognition as a vital factor in the success of a business. Among the most fundamental characteristics that determine the performance of a supply chain are capacity, inventory, delivery leadtime, and customer service level. The first two quantities are under direct management control and are associated with the cost in a supply chain; the last two are the effects of managerial decisions and are associated with customer expectation or requirement. While the qualitative relationship among them is often obvious, understanding their quantitative relationship is much more difficult yet increasingly important in today’s business environment. This chapter intends to introduce a set of tools and results to help better understand the quantitative relationship among these fundamental measures and make supply chain decisions more effectively.

Keywords

Supply Chain Service Level Fill Rate Interarrival Time Erlang Distribution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Yashan Wang
    • 1
  1. 1.Sloan School of ManagementMITCambridgeUSA

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