Inventory allocation among an assembly and its repairable subassemblies

Edward A. Silver

Naval Research Logistics Quarterly, 1972, vol. 19, issue 2, 261-280

Abstract: In this paper we consider a major assembly composed of two or more subassemblies. The failure of any subassembly causes the major assembly to not function. Every failed subassembly is repaired or replaced. A total investment in stocks of spare components is to be distributed among the various subassemblies and the major assembly so as to provide the best possible customer service. This is a complicated problem: relevant factors are the failure rates, unit costs, and repair times of the various components. For the case of Poisson failures, a heuristic solution is developed which is a compromise between theoretical optimality and practical usefulness.

Date: 1972
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:19:y:1972:i:2:p:261-280

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