Date

1969

Document Type

Thesis

Degree

Master of Science

Department

Industrial Engineering

First Adviser

Richardson, Wallace J.

Abstract

This study was conducted for the purpose of evaluating various safety stock policies in a dynamic, multi-echelon inventory system. The study environment is set in a four level multi-echelon production system. Demands on the system are forecast over a twenty period planning horizon and are treated in the model as deterministic. Safety stock is required to protect against lead time variation which is assumed to be distributed in a Poisson manner. All costs are assumed known with the exception of stockout cost.

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