Simulation based comparison of safety-stock calculation methods

Research output: Journal contributionsJournal articlesResearchpeer-review

Authors

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

Recently viewed

Publications

  1. Using sequential injection analysis for fast determination of phosphate in coastal waters
  2. Using Wikipedia for Cross-Language Named Entity Recognition
  3. Promising practices for dealing with complexity in research for development
  4. A denoising procedure using wavelet packets for instantaneous detection of pantograph oscillations
  5. XOperator - An extensible semantic agent for instant messaging networks
  6. Don’t underestimate the problems of user centredness in software development projectsthere are many!?
  7. Integration of Environmental Management Information Systems and ERP systems using Integration Platforms
  8. Enhancing the Building Information Modeling Lifecycle of Complex Structures with IoT
  9. Continuous and Discrete Concepts for Detecting Transport Barriers in the Planar Circular Restricted Three Body Problem
  10. Energy Optimization in Motion Planning of a Two-Link Manipulator using Bernstein Polynomials
  11. Trajectory-based computational study of coherent behavior in flows
  12. Teachers’ use of data from digital learning platforms for instructional design
  13. Control versus Complexity
  14. Q-Adaptive Control of the nonlinear dynamics of the cantilever-sample system of an Atomic Force Microscope
  15. Control of an Electromagnetic Linear Actuator Using Flatness Property and Systems Inversion
  16. A PHENOMENOGRAPHICAL STUDY OF CHILDRENS’ SPATIAL THOUGHT WHILE USING MAPS IN REAL SPACES
  17. Switching between reading tasks leads to phase-transitions in reading times in L1 and L2 readers
  18. Children's use of spatial skills in solving two map-reading tasks in real space.
  19. Selecting and Adapting Methods for Analysis and Design in Value-Sensitive Digital Social Innovation Projects: Toward Design Principles
  20. The effects of different on-line adaptive response time limits on speed and amount of learning in computer assisted instruction and intelligent tutoring
  21. Design and Control of an Inductive Power Transmission System with AC-AC Converter for a Constant Output Current
  22. Control of a Three-Axis Robot with Super Twisting Sliding Mode Control
  23. Convolutional Neural Networks
  24. Intersection tests for the cointegrating rank in dependent panel data
  25. Topic Embeddings – A New Approach to Classify Very Short Documents Based on Predefined Topics
  26. Reading and Calculating in Word Problem Solving
  27. On robustness properties in permanent magnet machine control by using decoupling controller
  28. Using heuristic worked examples to promote solving of reality‑based tasks in mathematics in lower secondary school