Name
Title | ||
|---|---|---|
Setting safety stocks in multi-stage inventory systems under rolling horizon mathematical programming models |
Abstract | ||
|---|---|---|
This paper considers the problem of determining safety stocks in multi-item multi-stage inventory systems that face demand
uncertainties. Safety stocks are necessary to make the supply chain, which is driven by forecasts of customer orders, responsive
to (demand) uncertainties and to achieve predefined target service levels. Although there exists a large body of literature
on determining safety stock levels, this literature does not provide an effective methodology that can address complex multi-constrained
supply chains. In this paper, the problem of determining safety stocks is addressed by a simulation based approach, where
the simulation studies are based on solving the supply chain planning problem (formulated as a mathematical programming model)
in a rolling horizon setting. To demonstrate the utility of the proposed approach, an application of the approach at Organon,
a worldwide operating biopharmaceutical company, will be discussed. |
Year | DOI | Venue |
|---|---|---|
2009 | 10.1007/s00291-007-0086-3 | Or Spektrum |
Keywords | Field | DocType |
supply chain,mathematical programming,service level | Rolling horizon,Service management,Economics,Mathematical optimization,Service level,Supply chain planning,Safety stock,Advanced planning and scheduling,Operations research,Supply chain,Stock (geology),Operations management | Journal |
Volume | Issue | ISSN |
31 | 1 | 0171-6468 |
Citations | PageRank | References |
4 | 0.48 | 5 |
Authors | ||
3 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Youssef Boulaksil | 1 | 30 | 4.25 |
| Jan C. Fransoo | 2 | 140 | 15.31 |
| Ernico N. G. van Halm | 3 | 4 | 0.48 |