Details
| Original language | English |
|---|---|
| Pages (from-to) | 403-406 |
| Number of pages | 4 |
| Journal | CIRP Annals - Manufacturing Technology |
| Volume | 61 |
| Issue number | 1 |
| Publication status | Published - 13 Apr 2012 |
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
ASJC Scopus subject areas
- Engineering(all)
- Mechanical Engineering
- Engineering(all)
- Industrial and Manufacturing Engineering
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In: CIRP Annals - Manufacturing Technology, Vol. 61, No. 1, 13.04.2012, p. 403-406.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Simulation based comparison of safety-stock calculation methods
AU - Schmidt, Matthias
AU - Hartmann, Wiebke
AU - Nyhuis, Peter
N1 - Funding information: This paper presents results of the project “Developing a Method for Dynamic, Future-Oriented Dimensioning of Stock“, funded by the German Research Foundation (DFG) and currently being conducted at the Institute of Production Systems and Logistics.
PY - 2012/4/13
Y1 - 2012/4/13
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
UR - http://www.scopus.com/inward/record.url?scp=84861634767&partnerID=8YFLogxK
U2 - 10.1016/j.cirp.2012.03.054
DO - 10.1016/j.cirp.2012.03.054
M3 - Article
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 -