Spare parts inventory control considering stochastic growth of an installed base.
Tongdan JinHaitao LiaoPublished in: Comput. Ind. Eng. (2009)
Keyphrases
- inventory control
- spare parts
- inventory management
- supply chain
- lost sales
- lead time
- service level
- supply chain management
- customer service
- finite horizon
- total cost
- dynamic pricing
- optimal policy
- optimization model
- fixed cost
- high availability
- inventory level
- stochastic process
- lower bound
- monte carlo
- multi item
- infinite horizon
- probability distribution