Dynamic Lead-Time Quotation for an M/M/1 Base-Stock Inventory Queue

作者：Savasaneril Secil^*; Griffin Paul M; Keskinocak Pinar

来源：Operations Research, 2010, 58(2): 383-395.

DOI：10.1287/opre.1090.0717

We study a dynamic lead-time quotation problem in a base-stock inventory system characterized by lead-time sensitive Poisson demand and exponentially distributed service times. We show that the optimal profit is unimodal in the base-stock level. We compare the base-stock system with a make-to-order (MTO) system and show that the lead-time quotes are lower in an MTO system and that increasing the base-stock level does not necessarily decrease the expected number of customers waiting. Numerical results show that when customers are less sensitive to lead-time quotes, the benefit of quoting lead times with a higher precision is significant, whereas when customers are more sensitive to lead-time quotes, the benefit of holding inventory is significant.

• 出版日期2010-4