An alternative to safety stock policies for multi-level rolling schedule materials requirement planning problems

An alternative to safety stock policies for multi-level rolling schedule materials requirement planning problems

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Article ID: iaor200639
Country: Netherlands
Volume: 163
Issue: 3
Start Page Number: 751
End Page Number: 768
Publication Date: Jun 2005
Journal: European Journal of Operational Research
Authors: ,
Keywords: safety stock
Abstract:

We study the impact of positive lead times on the multi-level lot-sizing problem in a rolling schedule environment, We show how stockout situations may arise even in a context of deterministic demand. We therefore develop a procedure to avoid such stockouts and we compare its performance through a simulation study to a safety stock strategy. Simulation results show the superiority of the proposed procedure.

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