Stößlein, Martin; Kanet, John Jack; Gorman, Mike; … - In: International Journal of Production Economics 149 (2014) C, pp. 47-55
This paper explores the rationale for planning time-phased safety stocks. We assert that a single safety stock vector for the entire planning horizon (typically based on stationary demand forecast errors and stationary replenishment lead times) may be insufficient for hedging against...