Simulation based comparison of safety-stock calculation methods

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Approaches for calculating an appropriate safety-stock level are supposed to ensure a designated service level with preferably low inventory. This paper analyses established mathematical methods for calculating safety-stock. Initially, these methods will be described and their specifics pointed out. With the aid of an extensive simulation study the performance of the methods is then mapped in regards to the resulting service and safety-stock level against the background of different articles with variant logistical behaviour. The simulation study results in a scientific overview of the field of application as well as the limits of the several methods.

Original languageEnglish
JournalCIRP Annals - Manufacturing Technology
Volume61
Issue number1
Pages (from-to)403-406
Number of pages4
ISSN0007-8506
DOIs
Publication statusPublished - 01.01.2012
Externally publishedYes

    Research areas

  • Logistics, Management, Safety-stock calculation
  • Engineering

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