Managing inventory and service levels in a safety stock-based inventory routing system with stochastic retailer demands
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DOI: 10.1002/asmb.2291
Abstract: The inherent uncertainty in supply chain systems compels managers to be more perceptive to the stochastic nature of the systems’major parameters, such as suppliers’ reliability, retailers’ demands, and facility production capacities. To deal with the… read more here.
Keywords: safety stock; service levels; safety; inventory ... See more keywords
Quantile forecast optimal combination to enhance safety stock estimation
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DOI: 10.1016/j.ijforecast.2018.05.009
Abstract: The safety stock calculation requires a measure of the forecast error uncertainty. Such errors are usually assumed to be Gaussian iid (independently and identically distributed). However, deviations from iid lead to a deterioration in the… read more here.
Keywords: optimal combination; forecast; estimation; safety stock ... See more keywords
Determination of inventory for mining production with a real options approach and comparison with other classic methods
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DOI: 10.1080/17480930.2016.1156871
Abstract: Abstract Safety stock of mining production is kept to prevent ore supply from stock-out, due to the existence of high uncertainty in mining operations and various unforeseen geological conditions. The downstream of mining normally runs… read more here.
Keywords: real options; mining production; safety stock; mining ... See more keywords