An optimal algorithm for repairable-item inventory system with depot spares

We consider the problem of determining the spare inventory level for a multiechelon repairable-item inventory system. Our model extends the previous results to the system, which has an inventory at the central depot, as well as at the bases. We have developed an algorithm to find the optimal spare i...

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Bibliographic Details
Published inThe Journal of the Operational Research Society Vol. 51; no. 3; pp. 350 - 357
Main Authors Kim, J-S, Shin, K-C, Park, S-K
Format Journal Article
LanguageEnglish
Published Basingstoke Taylor & Francis 01.03.2000
Macmillan Press
Palgrave
Taylor & Francis Ltd
Subjects
Algorithms
Applied sciences
Carrying costs
Cost bases
Cost efficiency
Exact sciences and technology
Inventories
Inventory control, production control. Distribution
Inventory management
Minimization of cost
Operational research and scientific management
Operational research. Management science
Operations research
optimal inventory level
Optimization
Probability distributions
Rate bases
repairable-item
Studies
Technical Notes
Total costs
Problem solving
Inventory control
Optimal algorithm
Repairable system
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Summary:We consider the problem of determining the spare inventory level for a multiechelon repairable-item inventory system. Our model extends the previous results to the system, which has an inventory at the central depot, as well as at the bases. We have developed an algorithm to find the optimal spare inventory levels, which minimise the total expected cost and simultaneously satisfy a specified minimum service rate. The algorithm is illustrated using examples of various sizes.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0160-5682
1476-9360
DOI:10.1057/palgrave.jors.2600900