Placing Safety Stock in Logistic Networks under Guaranteed-Service Time Inventory Models: An Application to the Automotive Industry
The aim of this paper is to solve the problem of placing safety stock over a Logistic Network (LN) that is represented by a Generic Bill of Materials (GBOM). Thus the LN encompasses supplying, assembling, and delivering stages. We describe, in detail, the recursive algorithm based on Dynamic Programming (DP) to solve the placing safety stock problem under guaranteed-service time models. We also develop a java-based application (JbA) that both models the LN and runs the recursive DP algorithm. We solved a real case of a company that manufactures fixed brake and clutch pedal modules of cars' brake system. After running JbA, the levels of inventory decreased by zero in 55 out of 65 stages.
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| Main Authors: | , , , |
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| Format: | Digital revista |
| Language: | English |
| Published: |
Universidad Nacional Autónoma de México, Instituto de Ciencias Aplicadas y Tecnología
2014
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| Online Access: | http://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S1665-64232014000300018 |
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