Journal of the Korean Society of Systems Engineering (시스템엔지니어링학술지)

The Korean Society of Systems Engineering (한국시스템엔지니어링학회)
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Review of Studies on V-METRIC Related Models

V-METRIC 관련연구들에 관한 고찰

  • Kim, Yoon Hwa (Dept. of Industrial & Systems Engineering, Changwon National University) ;
  • Lee, Sung Yong (Dept. of Industrial & Systems Engineering, Changwon National University)
  • 김윤화 (창원대학교 산업시스템공학과) ;
  • 이성용 (창원대학교 산업시스템공학과)
  • Received : 2016.11.20
  • Accepted : 2016.12.26
  • Published : 2016.12.31
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Abstract

As the inventory costs of repairable items in military logistics continue to increase, many studies for optimal inventory level of these items are being carried out in advanced countries, including the US, to reduce these costs. Research on inventory level optimization for repairable items aimed to achieve the availability goal of a system with a MIME(Multi Indenture Multi Echelon) repair policy structure first began with Sherbrooke's METRIC and developed into various types. This research is to analyze and compare recent V-METRIC related studies to search for another variation in this field. This paper mainly looks at how to determine optimum inventory level for each repairable item to achieve a specific availability target within a limited budget, and also how to minimize inventory cost while achieving its availability target by determining optimal inventory level of each repairable item.

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References

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