Article ID Journal Published Year Pages File Type
7427960 Transportation Research Part E: Logistics and Transportation Review 2018 12 Pages PDF
Abstract

- 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.
Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
Preview
A note on lead-time paradoxes and a tale of competing prescriptions
Authors
,