@conference{Disney2024, author = {S.M. Disney}, title = {Inventory management under stochastic lead times: A tutorial}, booktitle = {UEBS-ASU Interdisciplinary Workshop on Supply Chain Resilience}, year = {2024}, address = {Exeter, UK}, month = {June 11th-13th}, url = {https://www.bullwhip.co.uk/files/P83_Stochastic_lead_times__A_tutorial.pdf}, abstract = {In this tutorial I covered the following topics: Distribution of stochastic lead times. Order cross-overs. Random sums of random numbers. EOQ safety stocks with stochastic lead times. Expected dynamic behaviour of the POUT policy with stochastic lead times drawn from a negative binomial distribution. POUT policy with stochastic lead times: When an arbitrary lead time distribution is based on empirical evidence (a posteriori). Open orders and sub-processes. The inventory and order distributions. OUT policy with stochastic lead times: Forecasting the lead time. The case of auto-correlated demand and correlated lead times. This tutorial was also given at "Recent Advances in Supply Chain Forecasting: A Workshop in Memory of Professor John E. Boylan" on June 13th-14th 2024 at Lancaster University Business School, UK.}, }