2007
DOI: 10.1016/j.ijpe.2007.02.020
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Optimal safety stock levels of subassemblies and manufacturing components

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Cited by 61 publications
(35 citation statements)
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“…Persona et al (2007) proposed innovative cost-based analytical models for showing that one can reduce the occurrence of stock-outs by introducing a safety stock or pre-assembled modules or components.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Persona et al (2007) proposed innovative cost-based analytical models for showing that one can reduce the occurrence of stock-outs by introducing a safety stock or pre-assembled modules or components.…”
Section: Literature Reviewmentioning
confidence: 99%
“…However, a group of researches points towards other probability distributions such as Poisson (McFadden, 1972;Lau and Zaki, 1982;Dekker et al, 2002) and Gamma (Keaton, 1995;Namit and Chen, 1999). Other researchers did not consider any particular distribution assumption focussing on historical data (Persona et al, 2007;Ruiz-Torres and Mahmoodi, 2010;Beutel and Minner, 2012;Helber et al, 2013). One of the important impediments to obtain the safety stock is production capacity constraint.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The service level is associated with the area under the Gaussian curve therefore this will lead us to the corresponding Z value for the normal table (Persona et al 2007); RS: the number of stock-outs in a year; D RS : the average value of unfulfilled demand when a stock-out occurs, i.e., when demand D is greater than the maximum admissible level of stocks (the complete formula derived by normal distribution function is reported in Persona et al 2007). …”
Section: Analytical Model For the Traditional Inventory Management Pomentioning
confidence: 99%