Pooling lead-time risk by order splitting: A critical review

Pooling lead-time risk by order splitting: A critical review

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Article ID: iaor20072320
Country: United Kingdom
Volume: 42
Issue: 4
Start Page Number: 245
End Page Number: 257
Publication Date: Jul 2006
Journal: Transportation Research. Part E, Logistics and Transportation Review
Authors: ,
Keywords: inventory
Abstract:

After more than 20 years of extensive study, the policy of pooling lead-time risk by simultaneously splitting replenishment orders among several suppliers continues to attract the attention of researchers. A critical review of the extant literature is conducted. Important and persistent limitations of current research are revealed that may make the policy uneconomical, in general, and more promising research directions are suggested.

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