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In-process safety stocks
Luleå tekniska universitet.
Linköping Institute of Technology.
1984 (English)In: Proceedings of the 23rd IEEE Conference on Decision and Control, December 12-14, 1984, Las Vegas Hilton, Las Vegas, Nevada, New York: IEEE Communications Society, 1984, p. 839-842Conference paper, Published paper (Refereed)
Abstract [en]

This paper derives the optimal safety stock policy for the case of a continuous deterministic production process and Poisson demand for the end product. It is possible to keep in-process safety stocks as well as a safety stock of the end product. We show that the optimal solution can be derived recursively and illustrate the procedure with the aid of a numerical example.

Place, publisher, year, edition, pages
New York: IEEE Communications Society, 1984. p. 839-842
National Category
Production Engineering, Human Work Science and Ergonomics
Research subject
Industrial Logistics
Identifiers
URN: urn:nbn:se:ltu:diva-32819DOI: 10.1109/CDC.1984.272126Scopus ID: 21641859Local ID: 76d807f0-9b93-11dd-94de-000ea68e967bOAI: oai:DiVA.org:ltu-32819DiVA, id: diva2:1006053
Conference
IEEE Conference on Decision and Control : 12/12/1984 - 14/12/1984
Note
Godkänd; 1984; 20081016 (ysko)Available from: 2016-09-30 Created: 2016-09-30Bibliographically approved

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