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

Kim J-S, Shin K-C and Park S-K
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Kim J-S: Hanyang University
Shin K-C: Republic of Korea Air Force
Park S-K: Kap Woo Precision Co.

Journal of the Operational Research Society, 2000, vol. 51, issue 3, 350-357

Abstract: Abstract 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.

Keywords: repairable-item; optimal inventory level (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (2)

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DOI: 10.1057/palgrave.jors.2600900

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