@book{79f96452b5c24409abeadfe3b522e349,
title = "A safety stock adjustment procedure to enable target service levels in simulation of generic inventory systems",
abstract = "The aim of this paper is to present a technique, called the safety stock adjustment procedure (SSAP), which enables the determination of safety stocks that ensure target service levels in simulation studies of inventory systems. The technique is based on a netting procedure constructed so that the net requirement process and the replenishment process are independent of the safety stock and that the inventory process satisfies an invariance relation. The procedure is presented for three kinds of service measures; namely the cycle service level, the fill rate and the ready rate. In a numerical example the benefits of using the safety stock adjustment procedure are shown. In this example three wellknown lot size models are compared assuming stochastic and time-varying demand. Moreover, we propose the safety stock adjustment procedure to be used in practical situations to set safety stock levels in companies for instance when demand is nonstationary. Keywords:",
author = "{Koehler Gudum}, C. and {Kok, de}, A.G.",
year = "2002",
language = "English",
isbn = "90-386-1717-8",
series = "BETA publicatie : working papers",
publisher = "Technische Universiteit Eindhoven",
}