Journal of Korean Institute of Industrial Engineers (대한산업공학회지)
- Volume 19 Issue 3
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- Pages.81-90
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- 1993
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- 1225-0988(pISSN)
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- 2234-6457(eISSN)
Algorithm to Determine the Optimal Spare Inventory Level for Repairable-Item Inventory System
수리가능제품의 최적재고수준의 결정기법
- Kim, Jong-Soo (Department of Industrial Engineering, Han Yang University) ;
- Shin, Kyu-Chul (Department of Industrial Engineering, Han Yang University)
- Published : 1993.09.30
Abstract
This article concerns the problem of determining the optimal spare inventory level for multiechelon repairable-item inventory system. The system we are concerned has several bases and a central depot. When an item fails, it is dispatched to a repair facility and, a spare, if available, is plugged in immediately. When the failed item is repaired, it is sent to the base and either used to fill a backorder or stored at a spare inventory point. We develop an optimal algorithm to find the spare inventory level at each base spareswhich minimizes the total expected cost and, simultaneously, satisfies a specified minimum service rate. The algorithm is applied to examples with good results.
Keywords