Little's Law in a continuous setting

Herbert Jodlbauer; Wolfgang Stöcher

doi:10.1016/j.ijpe.2005.04.006

Little's Law in a continuous setting

Herbert Jodlbauer^*, Wolfgang Stöcher

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

10 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 language	English
Pages (from-to)	10-16
Number of pages	7
Journal	International Journal of Production Economics
Volume	103
Issue number	1
DOIs	https://doi.org/10.1016/j.ijpe.2005.04.006
Publication status	Published - Sept 2006

Keywords

Inventory
Lead-time
Little's law
Priority rule

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10.1016/j.ijpe.2005.04.006

Cite this

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Little's Law in a continuous setting

Abstract

Keywords

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