search query: @author Benton, W. C. / total: 12
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| Author: | Benton, W. C. |
| Title: | Safety stock and service levels in periodic review inventory systems |
| Journal: | Journal of the Operational Research Society
1991 : DEC, OL. 42:12, p.1087-1095 |
| Index terms: | INVENTORY CONTROL PURCHASING DECISION MAKING SAFETY UNCERTAINTY SIMULATION |
| Language: | eng |
| Abstract: | The impact of requirement (purchased parts and components) uncertainty in a periodic review manufacturing environment is examined. Results of a set of simulation experiments about some of the complexities of safety stock requirements, lot sizing performance and the marginal safety stock requirements associated with various service level policies are presented. The results show that the marginal units of a safety stock required for various service level policies follow a predictable pattern. The overall findings of this research will provide the decision maker with an in-depth understanding of the measurement and impact of various service level policies. |
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