Concepts for safety stock determination under stochastic demand and different types of random production yield

@article{Inderfurth2013ConceptsFS,
  title={Concepts for safety stock determination under stochastic demand and different types of random production yield},
  author={Karl Inderfurth and Stephanie Vogelgesang},
  journal={European Journal of Operational Research},
  year={2013},
  volume={224},
  pages={293-301}
}
We consider a manufacturer’s stochastic production/inventory problem under periodic review and present methods for safety stock determination to cope with uncertainties that are caused by stochastic demand and different types of yield randomness. Following well-proven inventory control concepts for this problem type, we focus on a critical stock policy with a linear order release rule. A central parameter of this type of policy is given by the safety stock value. When non-zero manufacturing… CONTINUE READING

Figures and Topics from this paper.

Explore Further: Topics Discussed in This Paper

Citations

Publications citing this paper.
SHOWING 1-10 OF 23 CITATIONS

Construction Material Safety-Stock Determination Under Nonstationary Stochastic Demand and Random Supply Yield

  • IEEE Transactions on Engineering Management
  • 2016
VIEW 6 EXCERPTS
CITES BACKGROUND & METHODS
HIGHLY INFLUENCED

Incentives to improve the service level in a random yield supply chain: The role of bonus contracts

  • European Journal of Operational Research
  • 2015
VIEW 5 EXCERPTS
CITES BACKGROUND
HIGHLY INFLUENCED

Heuristics and Bounds for an Inventory System with an All-or-Nothing Yield Pattern and Lead-times

  • 2018 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI)
  • 2018
VIEW 3 EXCERPTS
CITES BACKGROUND