NDLI: Analyzing on Impact Factors of Safety Stock under Random Requirement

Content Provider	IEEE Xplore Digital Library
Author	Zhang Lianfu Zhao Shuzhi Wang Min Zhang Zhihui Zhu Yonggang
Copyright Year	2009
Abstract	In the random requirement environment, safety stock is necessary to maintain a certain customer service level. High safety stock will increase the cost of storage. The influence factors of safety stock are customer service level, the average and standard deviation of lead time, the average and standard deviation of random requirement in lead time. We know that the safety stock relates closely to lead time and random requirement through analyzing the model. The model analysis showed the influence extent of various factors to safety stock : When lead time is fixed, with the increase of customer service level the safety stock increases, the level of safety stock increases sharply while the customer service level is higher than 0.95. When lead time is random, with the average and standard deviation of lead time and the customer service level changing, the safety stock levels change, but the influence ranges are different.
Starting Page	744
Ending Page	747
File Size	305035
Page Count	4
File Format	PDF
ISBN	9781424442232
DOI	10.1109/NSWCTC.2009.189
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2009-04-25
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Uncertainty Costs Supply chains customer service level Telecommunication traffic impact factors analyzing Educational institutions Customer service random requirement Wireless communication Road transportation safety stock Vehicle safety Computer networks lead time
Content Type	Text
Resource Type	Article

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