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  • 1
    Electronic Resource
    Electronic Resource
    Bingley : Emerald
    International journal of operations & production management 19 (1999), S. 797-811 
    ISSN: 0144-3577
    Source: Emerald Fulltext Archive Database 1994-2005
    Topics: Economics
    Notes: Retailers receiving items from a manufacturer carry inventory to meet customer demand. As items are sold, a retailer orders new items to replenish the inventory. Once an order is placed, there is a time taken for the items to be delivered to the retailer. This time is the manufacturing response time. It includes processing, production, and delivery times. These different components of time can result in response times that are long and uncertain. This paper develops a queueing model for analysing how manufacturing response time affects the inventory needed at retailers to meet demand. The model accounts for variability in response times and allows for products to be delivered to a retailer in a different sequence than they were ordered. Simple equations are derived for the average inventory in terms of demand and response time parameters. The equations show how shortening average response time can substantially reduce retailer inventory.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Risk analysis 10 (1990), S. 0 
    ISSN: 1539-6924
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Energy, Environment Protection, Nuclear Power Engineering
    Notes: In attempts to soothe the nascent fear of the scheduled airline traveler, passengers waiting takeoff are sometimes reminded of the cliche that they may have already completed the most dangerous part of their trip — the drive to the airport. The objective of this paper is to communicate under what conditions air travel is indeed safer than highway travel and vice versa. The conventional wisdom among risk communicators that air travel is so much safer than car travel arises from the most widely quoted death rates per billion miles for each — 0.6 for air compared to 24 for road. There are three reasons why such an unqualified comparison of aggregated fatality rates is inappropriate. First, the airline rate is passenger fatalities per passenger mile, whereas the road rate is all fatalities (any occupants, pedestrians, etc.) per vehicle mile. Second, road travel that competes with air travel is on the rural interstate system, not on average roads. Third, driver and vehicle characteristics, and driver behavior, lead to car-driver risks that vary over a wide range. Expressions derived to compare risk for drivers with given characteristics to those on airline trips of given distance showed that 40-year-old, belted, alcohol-free drivers of cars 700 pounds heavier than average are slightly less likely to be killed in 600 miles of rural interstate driving than in airline trips of the same length. Compared to this driver, 18-year-old, unbelted, intoxicated, male drivers of cars 700 pounds lighter than average have a risk over 1000 times greater. Furthermore, it is shown that the cliche above is untrue for a group of drivers having the age distribution of airline passengers.
    Type of Medium: Electronic Resource
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  • 3
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Risk analysis 11 (1991), S. 0 
    ISSN: 1539-6924
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Energy, Environment Protection, Nuclear Power Engineering
    Type of Medium: Electronic Resource
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