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
Pierre Contensou (1914–1987) and the optimization theory and applications
✍ Scribed by J.-P. Marec
- Publisher
- Elsevier Science
- Year
- 1994
- Tongue
- English
- Weight
- 477 KB
- Volume
- 32
- Category
- Article
- ISSN
- 0094-5765
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