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On the optimal ordering policies in maintenance theory—survey and applications

✍ Scribed by Dohi, Tadashi ;Kaio, Naoto ;Osaki, Shunji

Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
125 KB
Volume
14
Category
Article
ISSN
8755-0024

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✦ Synopsis

In this paper, we consider a typical but somewhat generalized order-replacement model arising in the spare part inventory management. The optimal ordering policies minimizing the long-run average cost are analytically derived. We review the mathematical contexts of the order-replacement problems and refer to their applications. A comprehensive bibliography in this research area is provided.

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