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About Lead Time: Zahid Anwar
The document discusses how lead times and production rates impact optimal order quantities in inventory management. [1] It explains that with a deterministic lead time L, the optimal policy is to place an order for Q* when inventory reaches DL. [2] It also discusses how a finite production rate p impacts the optimal order quantity calculation. [3] Finally, it covers how quantity discounts, where the unit price decreases as order size increases, changes the approach to determining the optimal order quantity.
Detailed Information
| Author: | ['Marwa Majeed'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 17 |
| Language: | English |
| Format: | |
| Price: | FREE |
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