A note on joint optimization of maintenance and inventory

A note on joint optimization of maintenance and inventory

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Article ID: iaor2002580
Country: United States
Volume: 30
Issue: 2
Start Page Number: 143
End Page Number: 149
Publication Date: Feb 1998
Journal: IIE Transactions
Authors: ,
Keywords: inventory
Abstract:

Previous work by Armstrong and Atkins examined age replacement and spare ordering decisions for a system which contained one machine subject to random failure and with only one spare machine in stock or on order at any one time. In this technical note we consider several extensions to that work which generalize the cost terms and the order lead time while retaining the one-machine one-spare structure of the original paper.

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