Article ID: | iaor19961955 |
Country: | United Kingdom |
Volume: | 23 |
Issue: | 3 |
Start Page Number: | 289 |
End Page Number: | 297 |
Publication Date: | Mar 1996 |
Journal: | Computers and Operations Research |
Authors: | Kim Jong-Soo, Shin Kyu-Chul, Yu Hyung-Keun |
Keywords: | maintenance, repair & replacement |
This article concerns the problem of determining the optimal spare inventory level for a multiechelon repairable-item inventory system, which has several bases and a central depot. When an item fails, it is dispatched to a repair facility, and a spare, if available, is plugged in immediately. The authors develop an optimal algorithm to find the spare inventory level which minimizes the total expected cost and simultaneously satisfies a specified minimum service rate. The algorithm is applied to examples with good results.