Abstract
Contributions to multi-echelon safety stock optimization can be classified as being either of the stochastic- or guaranteed-service framework. Though both approaches have been used in inventory theory for a long time, there is still a lack of a detailed comparison. In this paper, such a comparison is presented. Differences in the materials flow are outlined and insights into the performance of both approaches are gained from a simulation study.
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© 2007 Springer-Verlag Berlin Heidelberg
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Klosterhalfen, S., Minner, S. (2007). Comparison of Stochastic- and Guaranteed-Service Approaches to Safety Stock Optimization in Supply Chains. In: Waldmann, KH., Stocker, U.M. (eds) Operations Research Proceedings 2006. Operations Research Proceedings, vol 2006. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-69995-8_77
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DOI: https://doi.org/10.1007/978-3-540-69995-8_77
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-69994-1
Online ISBN: 978-3-540-69995-8
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