Title :
In-process safety stocks
Author :
Axsater, S. ; Lundel, Peter
Author_Institution :
Lule?? University, Lule??, Sweden
Abstract :
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.
Conference_Titel :
Decision and Control, 1984. The 23rd IEEE Conference on
Conference_Location :
Las Vegas, Nevada, USA
DOI :
10.1109/CDC.1984.272126
