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SAFETY STOCK PLANNING AND SUPPLY CHAIN OPTIMIZATION IN STOCK STATUS
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Statistics. No.
2019 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

This paper proposes a safety stock calculation function based on their distribution properties and create a guideline for the stock status optimization problem. The motivation for this paper originates the cooperation with a drilling tools company, Epiroc Drilling tools AB. The safety stock calculation divides all items into three distribution and design the safety stock for each types separately considering the influence of service level value and lead time. During the process of guideline design, complicated production chain framework is taken into account through recursive algorithm. The stock status combination which can give the minimum storage cost is the optimal guideline for stock item and non-stock item. The time for approximating the global minimum through exhaustive search is remarkably reduced due to the application of Parallel programming and statistical model.

Place, publisher, year, edition, pages
2019. , p. 39
Keywords [en]
Safety stock, Statistical distribution, Supply chain optimization, Recursive algorithm, Statistical model
National Category
Probability Theory and Statistics Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:uu:diva-385176OAI: oai:DiVA.org:uu-385176DiVA, id: diva2:1323217
External cooperation
Epiroc Drilling Tools AB
Subject / course
Statistics
Educational program
Master Programme in Statistics
Presentation
2019-06-04, B105, Ekonomikum, Uppsala, 19:03 (English)
Supervisors
Examiners
Available from: 2019-06-18 Created: 2019-06-11 Last updated: 2019-06-18Bibliographically approved

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Master thesis(315 kB)33 downloads
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e6c5f21c6c9a6fa5b5c31dcef4fe094bb2e2fb48a239bcdbe47373938d636c9d01575343060ad818f05e353819624fe9475cf8b5372236c2bf94de9d4727cb96
Type fulltextMimetype application/pdf

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Probability Theory and StatisticsTransport Systems and Logistics

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CiteExportLink to record
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Citation style
  • apa
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