Home // SIMUL 2018, The Tenth International Conference on Advances in System Simulation // View article


Sensitivity Analysis of Simulation Study Results on Safety Stock Relaxation in Material Requirement Planning

Authors:
Sonja Strasser
Klaus Altendorfer
Andreas Peirleitner

Keywords: Discrete Event Simulation; Sensitivity Analysis; Material Requirements Planning; Safety Stock Relaxation

Abstract:
In Material Requirement Planning, the lack of capacity constraints can lead to production plans, which cannot be fulfilled on time. One countermeasure for coping with capacity problems is a temporary relaxation of safety stock, which can be implemented in different ways. In this paper, three variants for relaxing safety stock are presented and compared in a simulation study for a simple manufacturing structure. All three methods reveal a significant potential of improvement in comparison to MRP. In a sensitivity analysis, the influence of two MRP planning parameters, i.e., safety stock and production lot size, on the overall costs and the relationship between these two parameters are examined.

Pages: 23 to 28

Copyright: Copyright (c) IARIA, 2018

Publication date: October 14, 2018

Published in: conference

ISSN: 2308-4537

ISBN: 978-1-61208-672-9

Location: Nice, France

Dates: from October 14, 2018 to October 18, 2018