Little's Law in a continuous setting

Herbert Jodlbauer, Wolfgang Stöcher

Research output: Contribution to journalArticlepeer-review

7 Citations (Scopus)

Abstract

In this paper we show that the recently introduced "input-weighted average lead-time" is equivalent to the average lead-time measured per item. Furthermore, we state that measuring the average lead-time does not depend on knowing the applied priority rule. Consequently, the relationship "average lead-time is equal to the fraction average inventory over average utilization" holds true for every priority rule. Altogether this can be seen as Little's Law in a continuous setting.

Original languageEnglish
Pages (from-to)10-16
Number of pages7
JournalInternational Journal of Production Economics
Volume103
Issue number1
DOIs
Publication statusPublished - Sep 2006

Keywords

  • Inventory
  • Lead-time
  • Little's law
  • Priority rule

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