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Little's Law in a continuous setting

Authors
Journal
International Journal of Production Economics
0925-5273
Publisher
Elsevier
Publication Date
Volume
103
Issue
1
Identifiers
DOI: 10.1016/j.ijpe.2005.04.006
Keywords
  • Little'S Law
  • Inventory
  • Priority Rule
  • Lead-Time

Abstract

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.

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