Dynamic Safety Stock Considerations - A simulation based comparative analysis
- The focus of the study is to conduct a comparative analysis of the most widely adopted methods of safety stock calculation. Firstly, it aims to identify the most widely adopted methods of safety stock calculation and investigate their strengths and weaknesses. Secondly, the thesis aims to analyse the demand patterns that operations managers often encounter and their behaviours. The safety stock calculations will then be compared to one another by running a simulation with different demand patterns using each of them. Finally, recommendations will be made on which demand patterns, if any, each of these methods is best applied to.
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| Publishing Institution: | IRC-Library, Information Resource Center der Jacobs University Bremen |
|---|---|
| Author: | Albert Hunduza |
| Persistent Identifier (URN): | urn:nbn:de:gbv:579-opus-1010743 |
| Series (No.): | Constructor University Technical Reports (46) |
| Document Type: | Technical Report |
| Language: | English |
| Year of Completion: | 2020 |
| Date of First Publication: | 2022/04/12 |
| Academic Department: | Mathematics & Logistics |
