The lead-time reliability paradox and inconsistent value-of-reliability estimates

•More lead-time reliability can paradoxically increase value-of-reliability (VOR).•We investigate claims that this paradox explains inconsistent VOR estimates.•We show that safety stock, alone, does not capture the true measure of VOR.•More lead-time reliability will increase VOR, the paradox notwit...

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Veröffentlicht in:	Transportation research. Part E, Logistics and transportation review Logistics and transportation review, 2014-10, Vol.70, p.76-85
Hauptverfasser:	Tyworth, John E., Saldanha, John
Format:	Artikel
Sprache:	eng
Schlagworte:	Availability Cost reduction Estimates Freight transport Inventory management Lead time Lead-time uncertainty Logistics Optimization Paradoxes Reliability Replenishment Safety inventory Studies Transportation Transportation economics Transportation problem (Operations research) Value of reliability
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