Article ID: | iaor20061518 |
Country: | Netherlands |
Volume: | 165 |
Issue: | 1 |
Start Page Number: | 207 |
End Page Number: | 218 |
Publication Date: | Aug 2005 |
Journal: | European Journal of Operational Research |
Authors: | Cattrysse Dirk, Oudheusden Dirk Van, Wong Hartanto |
Keywords: | markov processes |
In this paper, we develop an analytical model to estimate several performance measures in a single-item, multi-company, repairable inventory system where complete pooling of stock is permitted among the companies. Compared to previous research, this paper is different in that both non-zero lateral transshipment time and delayed lateral transshipments are considered in the model. We model the system as a multi-dimensional Markovian problem and solve it using a two-stage solution method. The proposed method is very accurate and computationally efficient.