Ordering policies based on repair cost limit criterion

Ordering policies based on repair cost limit criterion

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Article ID: iaor1988106
Country: India
Volume: 25
Issue: 4
Start Page Number: 245
End Page Number: 258
Publication Date: Dec 1988
Journal: OPSEARCH
Authors: ,
Keywords: inventory
Abstract:

Two ordering policies are considered for a complex system which is subjected to minimal repairs based on repair cost limit criterion. Introducing costs due to repairs, inspections, replacement, shortage and holding, the optimum ordering policies which minimise the expected cost rate in the long run are discussed. A numerical example is also presented.

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