Note---Comment on "Aggregate Safety Stock Levels and Component Part Commonality"
John O. McClain,
William L. Maxwell,
John A. Muckstadt,
L. Joseph Thomas and
Elliott N. Weiss
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John O. McClain: Graduate School of Business & Public Administration, Cornell University, Ithaca, New York 14853
William L. Maxwell: Graduate School of Business & Public Administration, Cornell University, Ithaca, New York 14853
John A. Muckstadt: Graduate School of Business & Public Administration, Cornell University, Ithaca, New York 14853
L. Joseph Thomas: Graduate School of Business & Public Administration, Cornell University, Ithaca, New York 14853
Elliott N. Weiss: Graduate School of Business & Public Administration, Cornell University, Ithaca, New York 14853
Management Science, 1984, vol. 30, issue 6, 772-773
Abstract:
In this Note, we address the issue of safety stock considerations in an MRP environment through the use of a single identical component as a replacement for a set of multiple components. We indicate where the results reported by Collier (Collier, David A. 1982. Aggregate safety stock levels and component part commonality. Management Sci. 28 (11, November) 1296--1303.) may prove to be misleading.
Keywords: inventory/production: operating characteristic; inventory/production: simulation; material requirements planning (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:30:y:1984:i:6:p:772-773
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