Capacity expansion with lead times and autocorrelated random demand
نویسندگان
چکیده
منابع مشابه
Capacity Expansion with Lead Times and Autocorrelated Random Demand
The combination of uncertain demand and lead times for installing capacity creates the risk of shortage during the lead time, which may have serious consequences for a service provider with dependent customers. This paper analyzes a model of capacity expansion with autocorrelated random demand and a fixed lead time for adding capacity. To provide a specified level of service, a discrete time ex...
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The combination of uncertain demand and lead times for installing capacity creates the risk of shortage during the lead time, which may have serious consequences for a service provider with dependent customers. This paper analyzes a model of capacity expansion with correlated random demand and a fixed lead time for adding capacity. We develop and prove the form of an optimal policy for expansio...
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The combination of demand uncertainty and a lead time for adding capacity creates the risk of capacity shortage during the lead time. We formulate a model of capacity expansion for uncertain exponential demand growth and deterministic expansion lead times when there is an obligation to provide a specified level of service. The service level, defined in terms of the ratio of expected lead time s...
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We consider a supply chain in which orders and lead times are linked endogenously, as opposed to assuming lead times are exogenous. This assumption is relevant when a retailer’s orders are produced by a supplier with finite capacity and replenished when the order is completed. The retailer faces demands that are correlated over time – either positively or negatively – which may, for example, be...
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We formulate a model of capacity expansion that is relevant to a service provider for whom the cost of capacity shortages would be considerable but difficult to quantify exactly. Due to demand uncertainty and a lead time for adding capacity, not all shortages are avoidable. In addition, technological innovations will reduce the cost of adding capacity but may not be completely predictable. Anal...
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ژورنال
عنوان ژورنال: Naval Research Logistics
سال: 2003
ISSN: 0894-069X,1520-6750
DOI: 10.1002/nav.10055