Master of Science
Wallace J. Richardson
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.
Palmer, James H., "Investigation of safety stock in a dynamic, multi-echelon inventory system" (1969). Theses and Dissertations. 3790.