A Model for an Assembly System Under Lead Time Uncertainty
Résumé
This paper studies a customized product assembly scenario where some of components cannot be stocked due to high component cost and risk. These key components are ordered after a demand has been registered with promised delivery date. Components lead times are stochastic and associated distribution function is known in advance. The objective is to find the ordering date for each component minimizing the expected holding and backlogging costs. An approach is proposed.