Supply Lead Time Uncertainty in a Sustainable Order Quantity Inventory Model
Abstract
Transport plays a key role in inventory management since it affects logistic costs as well as environmental performance of the supply chain. Expected value and variability of supply lead time depend on the transportation means adopted, and influence the optimal values of order quantity, reorder level, and safety stock to be adopted. Fast transportation means allow reducing expected value of the lead time; they are characterized by the highest costs of externalities (i.e. air pollutant emission, noise, congestion, accidents). On the contrary, slow transportation means require high inventory level due to large order quantity; in this case costs of externalities tend to decrease. The Sustainable Order Quantity (SOQ) [1] allows identifying optimal order quantity, reorder level, safety stock as well as transportation means which minimize the sum of the logistic and environmental costs in case of stochastic variability of product demand. In this paper, the authors propose a new SOQ analytical model considering stochastic variability of supply lead time (LT). A solution procedure is suggested for solving the proposed model. The approach is applied to a real industrial case study in order to evaluate the benefits of applying it if compared with the traditional one.
Autore Pugliese
Tutti gli autori
-
S. DIGIESI , MOSSA G , G. MUMMOLO
Titolo volume/Rivista
MANAGEMENT AND PRODUCTION ENGINEERING REVIEW
Anno di pubblicazione
2013
ISSN
2082-1344
ISBN
Non Disponibile
Numero di citazioni Wos
Nessuna citazione
Ultimo Aggiornamento Citazioni
Non Disponibile
Numero di citazioni Scopus
Non Disponibile
Ultimo Aggiornamento Citazioni
Non Disponibile
Settori ERC
Non Disponibile
Codici ASJC
Non Disponibile
Condividi questo sito sui social