A note on lead-time paradoxes and a tale of competing prescriptions

- The mean-variance approach is the primary source of lead-time paradoxes.
- A richer theoretical foundation reveals new insights and resolves competing prescriptions.
- Positively-correlated lead-time parameters effectively eliminate paradoxes.
- Intuitive guidelines apply, regardless of the paradoxes and competing prescriptions.
- Contrary to popular research findings, prescriptions from a normal approximation are valid.