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Simulation based comparison of safety-stock calculation methods

Research output: Journal contributions › Journal articles › Research › peer-review

Standard

Simulation based comparison of safety-stock calculation methods. / Schmidt, Matthias; Hartmann, Wiebke; Nyhuis, Peter.
In: CIRP Annals - Manufacturing Technology, Vol. 61, No. 1, 01.01.2012, p. 403-406.

Research output: Journal contributions › Journal articles › Research › peer-review

Harvard

Schmidt, M, Hartmann, W & Nyhuis, P 2012, 'Simulation based comparison of safety-stock calculation methods', CIRP Annals - Manufacturing Technology, vol. 61, no. 1, pp. 403-406. https://doi.org/10.1016/j.cirp.2012.03.054

APA

Schmidt, M., Hartmann, W., & Nyhuis, P. (2012). Simulation based comparison of safety-stock calculation methods. CIRP Annals - Manufacturing Technology, 61(1), 403-406. https://doi.org/10.1016/j.cirp.2012.03.054

Vancouver

Schmidt M, Hartmann W, Nyhuis P. Simulation based comparison of safety-stock calculation methods. CIRP Annals - Manufacturing Technology. 2012 Jan 1;61(1):403-406. doi: 10.1016/j.cirp.2012.03.054

Bibtex

@article{455174b7560d422b89fdc3a57e66e168,
title = "Simulation based comparison of safety-stock calculation methods",
abstract = "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.",
keywords = "Logistics, Management, Safety-stock calculation, Engineering",
author = "Matthias Schmidt and Wiebke Hartmann and Peter Nyhuis",
year = "2012",
month = jan,
day = "1",
doi = "10.1016/j.cirp.2012.03.054",
language = "English",
volume = "61",
pages = "403--406",
journal = "CIRP Annals - Manufacturing Technology",
issn = "0007-8506",
publisher = "Elsevier Inc.",
number = "1",

}

RIS

TY - JOUR

T1 - Simulation based comparison of safety-stock calculation methods

AU - Schmidt, Matthias

AU - Hartmann, Wiebke

AU - Nyhuis, Peter

PY - 2012/1/1

Y1 - 2012/1/1

N2 - 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.

AB - 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.

KW - Logistics

KW - Management

KW - Safety-stock calculation

KW - Engineering

UR - http://www.scopus.com/inward/record.url?scp=84861634767&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/266191dc-e2f1-342d-bb56-c165bb2f0485/

U2 - 10.1016/j.cirp.2012.03.054

DO - 10.1016/j.cirp.2012.03.054

M3 - Journal articles

AN - SCOPUS:84861634767

VL - 61

SP - 403

EP - 406

JO - CIRP Annals - Manufacturing Technology

JF - CIRP Annals - Manufacturing Technology

SN - 0007-8506

IS - 1

ER -

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Other publications by the same author(s)

Field-Based Assessment of Key Influence Factors for Throughput Time Prediction in Job Shop Manufacturing

Reinhold, J., Rokoss, A. & Schmidt, M., 2026, Advances in Production Management Systems. Cyber-Physical-Human Production Systems: Human-AI Collaboration and Beyond - 44th IFIP WG 5.7 International Conference, APMS 2025, Proceedings. Mizuyama, H., Morinaga, E., Kaihara, T., Nonaka, T., von Cieminski, G. & Romero, D. (eds.). Springer Science and Business Media Deutschland, p. 201-215 15 p. (IFIP Advances in Information and Communication Technology; vol. 769 IFIPAICT).

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Implementierung von Produktrückführungsprozessen in bestehende Produktionsabläufe: Herausforderungen und Anforderungen

Sandner, S., Nübel, M., Schulz, J., Metternich, J. & Schmidt, M., 20.06.2025, In: ZWF Zeitschrift für wirtschaftlichen Fabrikbetrieb. 120, 6, p. 397-403 7 p.

Research output: Journal contributions › Journal articles › Research › peer-review

Machine Learning For Determining Planned Order Lead Times In Job Shop Production: A Systematic Review Of Input Factors And Applied Methods

Wolter, F., Rokoss, A. & Schmidt, M., 2025, Conference on Production Systems and Logistics: University of San Ignacio de Loyola Lima, Peru, 18th – 21th March 2025, Proceedings. Herberger, D. & Hübner, M. (eds.). Offenburg: publish-Ing., p. 374-384 11 p. 32. (Proceedings of the ... Conference on Production Systems and Logistics; no. 7).

Research output: Contributions to collected editions/works › Article in conference proceedings › Research › peer-review

Understanding Resulting Interdependencies Within Production Planning And Control In Hybrid Manufacturing/Remanufacturing Systems

Schulz, J., Hofmann, H., Rokoss, A. & Schmidt, M., 05.2025, Proceedings of the Conference on Production Systems and Logistics: CPSL 2025: 18th – 21th March 2025, University of San Ignacio de Loyola Lima, Peru. Herberger, D. & Hübner, M. (eds.). Offenburg: publish-Ing., p. 114 - 126 13 p. (Proceedings of the ... Conference on Production Systems and Logistics; vol. 7).

Research output: Contributions to collected editions/works › Article in conference proceedings › Research › peer-review

Analysis of the relevance of models, influencing factors and the point in time of the forecast on the prediction quality in order-related delivery time determination using machine learning

Rokoss, A., Popkes, L. & Schmidt, M., 2024, Proceedings of the CPSL 2024. Herberger, D. & Hübner, M. (eds.). Hannover: publish-Ing., p. 415-431 17 p. (Proceedings of the Conference on Production Systems and Logistics; vol. 2024).

Research output: Contributions to collected editions/works › Article in conference proceedings › Research › peer-review

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