Definition and properties of the input-weighted average lead-time

Definition and properties of the input-weighted average lead-time

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Article ID: iaor20061535
Country: Netherlands
Volume: 164
Issue: 2
Start Page Number: 354
End Page Number: 357
Publication Date: Jul 2005
Journal: European Journal of Operational Research
Authors:
Keywords: Little's law
Abstract:

In this paper a mathematical definition of the input-weighted average lead-time for a general continuous inventory function is introduced. It is theoretically shown that the input-weighted average lead-time is equal to the ratio of average inventory to average input, or equivalently, average inventory to average output.

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