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A Spreadsheet Model That Estimates The Impact Of Reduced Distribution Time On Inventory Investment Savings: What Is A Day Taken Out Of The Pipeline Worth In Inventory?, Serhat Saylam
Theses and Dissertations
In most of the literature dealing with inventory problems, either with a deterministic or probabilistic model, lead time is viewed as a prescribed constant or a stochastic variable that is not subject to control. But in many practical situations, lead time can be reduced by an extra crashing cost; in other words, it is controllable. This study proposes a repeatable spreadsheet optimization model that estimates the impact of reduced replenishment lead time on inventory investment savings at forward and strategic locations to motivate decision makers to support enterprise-wide distribution process improvement. The study provides users with a means of automatically …