• English
    • العربية
  • العربية
  • Login
  • QU
  • QU Library
  •  Home
  • Communities & Collections
  • Help
    • Item Submission
    • Publisher policies
    • User guides
    • FAQs
  • About QSpace
    • Vision & Mission
View Item 
  •   Qatar University Digital Hub
  • Qatar University Institutional Repository
  • Academic
  • University Publications
  • QU Current Journals
  • Studies in Business and Economics
  • 2006 - Volume 12 - Issue 1
  • View Item
  • Qatar University Digital Hub
  • Qatar University Institutional Repository
  • Academic
  • University Publications
  • QU Current Journals
  • Studies in Business and Economics
  • 2006 - Volume 12 - Issue 1
  • View Item
  •      
  •  
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Determination of Optimal Safety Stock Policies

    Thumbnail
    View/Open
    13061201-0002-fulltext.pdf (211.9Kb)
    Date
    2006-03
    Author
    Najdawi, Mohammad K.
    Liberatore, Matthew J.
    Metadata
    Show full item record
    Abstract
    Setting safety stock policies are especially important in the management of retail and wholesale inventories, as well as stores, spare parts, supply items, and in certain areas of production planning. From a practical perspective, determining the optimal safety stock policy and the optimal service level requires specifying the demand distribution. This paper develops optimal safety stock policies under several commonly used statistical demand distributions; normal, exponential, andpoisson. In those situations where a manager has limited information on the shape of the demand distribution, Chebychev's Inequality Theorem is exploited to determine the optimal policies. The suggested computational approach enables the order quantity and the number of standard deviations that specifies the service level to be jointly determined by minimizing total relevant cost. A numerical example is also given to illustrate the computational process.
    DOI/handle
    http://hdl.handle.net/10576/6853
    Collections
    • 2006 - Volume 12 - Issue 1 [‎6‎ items ]

    entitlement


    Qatar University Digital Hub is a digital collection operated and maintained by the Qatar University Library and supported by the ITS department

    Contact Us | Send Feedback
    Contact Us | Send Feedback | QU

     

     

    Home

    Submit your QU affiliated work

    Browse

    All of Digital Hub
      Communities & Collections Publication Date Author Title Subject Type Language Publisher
    This Collection
      Publication Date Author Title Subject Type Language Publisher

    My Account

    Login

    Statistics

    View Usage Statistics

    About QSpace

    Vision & Mission

    Help

    Item Submission Publisher policiesUser guides FAQs

    Qatar University Digital Hub is a digital collection operated and maintained by the Qatar University Library and supported by the ITS department

    Contact Us | Send Feedback
    Contact Us | Send Feedback | QU

     

     

    Video