Publication
Title
The impact of lead time reliability in freight transport : a logistics assessment of transport economics findings
Author
Abstract
This paper considers speed and reliability, measured by the average and variance of the lead time, to examine the relevance of the latter variable on inventory costs. By using a flexible simulation framework, it is shown that reducing variability does not necessarily reduce costs and might in fact increase the costs of safety stock, depending on the shape of the demand distribution during lead time and the targeted service level. This offers a novel explanation for the wide variety of value of reliability figures obtained in empirical transport economics research.
Language
English
Source (journal)
Transportation research: part E: logistics and transportation review. - Exeter
Publication
Exeter : 2013
ISSN
1366-5545
Volume/pages
49:1(2013), p. 190-200
ISI
000314376800014
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 22.04.2013
Last edited 16.11.2017
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