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Safety Stock Analysis in a Multi-Level Inventory System

Moueen K. Salameh, Jochen W. Schmidt

Open publisher page 4 citations

Abstract

In this paper a model is presented for determination of the expected annual total cost of inventory for a multi-level inventory system. The model permits identification of the safety stock levels needed to minimize the expected annual total cost for a multi-level inventory system, such as distributed warehouses. An example of the application of the model is given.

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What this paper is about

In this paper a model is presented for determination of the expected annual total cost of inventory for a multi-level inventory system. The model permits identification of the safety stock levels needed to minimize the expected annual total cost for a multi-level inventory system, such as distributed warehouses. An example of the application of the model is given.

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OpenAlex reports 4 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

In this paper a model is presented for determination of the expected annual total cost of inventory for a multi-level inventory system. The model permits identification of the safety stock levels needed to minimize the expected annual total cost for a multi-level inventory system, such as distributed warehouses. An example of the application of the model is given.

Key concepts: Safety stock, Inventory turnover, Stock (firearms), Cycle count, Perpetual inventory, Inventory cost, Operations research, Total cost

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