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Operations research models and methods for safety stock determination: A review
#MMPMIDC7550265
Gonçalves JNC
; Sameiro Carvalho M
; Cortez P
?-/-? 2020[]; 7
(?): 100164
PMIDC7550265
show ga
In supply chain inventory management it is generally accepted that safety stocks
are a suitable strategy to deal with demand and supply uncertainty aiming to
prevent inventory stock-outs. Safety stocks have been the subject of intensive
research, typically covering the problems of dimensioning, positioning, managing
and placement. Here, we narrow the scope of the discussion to the safety stock
dimensioning problem, consisting in determining the proper safety stock level for
each product. This paper reports the results of a recent in-depth systematic
literature review (SLR) of operations research (OR) models and methods for
dimensioning safety stocks. To the best of our knowledge, this is the first
systematic review of the application of OR-based approaches to investigate this
problem. A set of 95 papers published from 1977 to 2019 has been reviewed to
identify the type of model being employed, as well as the modeling techniques and
main performance criteria used. At the end, we highlight current literature gaps
and discuss potential research directions and trends that may help to guide
researchers and practitioners interested in the development of new OR-based
approaches for safety stock determination.
free
free
free
