Abstract
Up to the present day literature has already dealt with sto- ckout-costs, but methods to quantify these costs have not been developed until now. The absence of these kinds of methods prevents an efficient logistical positioning between stockout- costs and the costs for holding safety-stocks. The costs for safety-stocks in a warehouse to provide a desired service-level can already be determined, but the stockout-costs connected with a desired service-level cannot be quantified yet. This article introduces a mathematical function to quantify the costs in a company's production caused by missing material, depending on the amount of missing material and its missing time.
| Translated title of the contribution | Stockout costs in production |
|---|---|
| Original language | German |
| Pages (from-to) | 444-449 |
| Number of pages | 6 |
| Journal | Zeitschrift für wirtschaftlichen Fabrikbetrieb (ZWF) (online) |
| Volume | 105 |
| Issue number | 5 |
| Publication status | Published - May 2010 |
ASJC Scopus subject areas
- General Engineering
- Strategy and Management
- Management Science and Operations Research
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