Abstract
Guaranteed-Service Model (GSM) approach for the safety stock placement problem aims at finding the optimal placement of safety stocks in a multi-echelon inventory system under bounded demand and guaranteed service times. Although this model has been present for more than fifty years, the last decade witnessed a growing interest. Recent works include new versions of the problem with relaxed assumptions and efficient solution methods for different supply chain network topologies. The purpose of this paper is to review and summarize the literature on the GSM and to suggest future research directions.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
