Recoverable inventory systems with time-varying demand

Recoverable inventory systems with time-varying demand

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Article ID: iaor1994456
Country: United States
Volume: 34
Start Page Number: 77
End Page Number: 81
Publication Date: Aug 1993
Journal: Production and Inventory Management Journal
Authors:
Keywords: service
Abstract:

In this article, a simple analytical solution to a recoverable inventory problem in which the demand is subject to a non-stationary failure process is derived. The resupply distribution is arbitrary and the repair distribution is assumed to be expotential. Under a designated service level, the number of required spares is determined both at the flight lines and the repair facility. The model developed should be of value to companies involved in maintaining inventories of high-value items, as in a spare-provisioning activity for commercial aircraft fleets.

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