A dynamic model of the safety stock under VMI

• Published in: 2009 International Conference on Machine Learning and Cybernetics Vol. 3; pp. 1304 - 1308
• Main Authors: Qing-Yuan Li, Su-Jian Li
• Format: Conference Proceeding
• Language: English
• Published: IEEE 01.07.2009
• Subjects: Costs; Demand forecasting; Dynamic model; Fluctuations; Forecasting; Inventory management; Marketing and sales; Probability distribution; Risk management; Safety; Safety stock; Technology forecasting; Uncertainty; VMI
• ISBN: 9781424437023; 1424437024
• ISSN: 2160-133X
• DOI: 10.1109/ICMLC.2009.5212263

The dynamic management of the safety stock is a new research field. The goal of this management is to cut down the cost in storage and holding of the products and to have the supply chain more efficient and more profitable. Researching on the VMI, the notion of dynamic management of the safety stock...