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An Approach for Designing Order Size Dependent Lead Time Models for Use in Inventory and Supply Chain Management

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Intelligent Decision Technologies 2016 (IDT 2016)

Part of the book series: Smart Innovation, Systems and Technologies ((SIST,volume 56))

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Abstract

This paper addresses the issue of lead time behavior in supply chains. In supply chains without information sharing a supply chain member can only use the information they observe; orders/demand and their lead times. Using this information four different scenarios of lead time behavior are suggested and discussed. Based on this discussion an analytical approach is proposed that investigates the link between order quantities and lead times. This approach is then demonstrated on data from a company. In the particular case it is determined that there seems to be a link between order quantities and lead times, indicating that a complex lead time model may be necessary. It is also concluded that current state of supply chain management does not offer any methods to address this link between order quantities and lead times and that therefore further research is warranted.

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Author information

Authors and Affiliations

  1. Department of Mechanical and Manufacturing Engineering, Aalborg University, Fibigerstraede 16, 9220, Aalborg Oest, Denmark

    Peter Nielsen

  2. Department of Mathematics and Cybernetics, Wroclaw University of Economics, Wroclaw, Poland

    Zbigniew Michna

Authors
  1. Peter Nielsen
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  2. Zbigniew Michna
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Correspondence to Peter Nielsen .

Editor information

Editors and Affiliations

  1. Maritime University, Gdynia, Poland

    Ireneusz Czarnowski

  2. Artificial Intelligence Department, Universidad Politécnica de Madrid, Boadilla del Monte, Madrid, Spain

    Alfonso Mateos Caballero

  3. KES International, Shoreham-by-sea, United Kingdom

    Robert J. Howlett

  4. University of Canberra, Canberra, South Australia, Australia

    Lakhmi C. Jain

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Nielsen, P., Michna, Z. (2016). An Approach for Designing Order Size Dependent Lead Time Models for Use in Inventory and Supply Chain Management. In: Czarnowski, I., Caballero, A., Howlett, R., Jain, L. (eds) Intelligent Decision Technologies 2016. IDT 2016. Smart Innovation, Systems and Technologies, vol 56. Springer, Cham. https://doi.org/10.1007/978-3-319-39630-9_2

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  • DOI: https://doi.org/10.1007/978-3-319-39630-9_2

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-39629-3

  • Online ISBN: 978-3-319-39630-9

  • eBook Packages: EngineeringEngineering (R0)

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