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A general ordering policy with number‐dependentminimal repair and random lead time

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  • s.‐H. Sheu

Abstract

In this paper, we consider a general ordering policy with number‐dependent minimalrepair and random lead time. By introducing costs due to ordering, repairs, shortage andholding, we derive the expected cost per unit time in the long run as a criterion of optimality,and seek the optimum policy by minimizing that cost. We show that, under certain conditions,there exists a finite and unique optimum policy. Various special cases are discussed. Anumerical example is given to illustrate the method. Copyright Kluwer Academic Publishers 1999

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  • s.‐H. Sheu, 1999. "A general ordering policy with number‐dependentminimal repair and random lead time," Annals of Operations Research, Springer, vol. 91(0), pages 227-250, January.
    • Handle: RePEc:spr:annopr:v:91:y:1999:i:0:p:227-250:10.1023/a:1018997606622
    DOI: 10.1023/A:1018997606622
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    Cited by:

    1. Chien, Yu-Hung & Chen, Jih-An, 2008. "Optimal spare ordering policy under a rebate warranty," European Journal of Operational Research, Elsevier, vol. 186(2), pages 708-719, April.
    2. Panagiotidou, Sofia, 2014. "Joint optimization of spare parts ordering and maintenance policies for multiple identical items subject to silent failures," European Journal of Operational Research, Elsevier, vol. 235(1), pages 300-314.
    3. Yu-Hung Chien & Chin-Chih Chang & Shey-Huei Sheu, 2010. "Optimal age-replacement model with age-dependent type of failure and random lead time based on a cumulative repair-cost limit policy," Annals of Operations Research, Springer, vol. 181(1), pages 723-744, December.
    4. Shey-Huei Sheu & Chin-Chih Chang & Yu-Hung Chien, 2011. "Optimal age-replacement time with minimal repair based on cumulative repair-cost limit for a system subject to shocks," Annals of Operations Research, Springer, vol. 186(1), pages 317-329, June.

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