A Stochastic Repairable Item Inventory Model.
NAVAL POSTGRADUATE SCHOOL MONTEREY CALIF
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A model is constructed of a repairable item inventory system where on-hand stocks are resupplied both by repair and procurement. The basic properties of the model are analyzed. A Poisson failure process is assumed, and steady state probabilities are found for operation of the model under R,Q and S-1,S inventory policies. Further, a compound Poisson failure process under an S-1.S inventory policy is also analyzed. Measures of supply performance, such as expected number of backorders per unit time, are derived for the system under the various policies. Author
- Operations Research
- Logistics, Military Facilities and Supplies