Abstract
One speaks of safety stocks (sometimes termed ‘iron or buffer stocks’) in those cases where a stock of goods is maintained at a certain level by discontinuous replenishments of varying intervals of time. The safety stock is, therefore, the average stock which is present when the stock replenishment arrives (see para. 7.4).
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© 1972 N. V. Philips’ Gloeilampenfabrieken, Eindhoven
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van Hees, R.N., Monhemius, W. (1972). Determination of the re-order level and safety stock. In: An Introduction to Production and Inventory Control. Philips Technical Library. Palgrave, London. https://doi.org/10.1007/978-1-349-00450-8_12
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DOI: https://doi.org/10.1007/978-1-349-00450-8_12
Publisher Name: Palgrave, London
Print ISBN: 978-1-349-00452-2
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