Optimal intervention policy of emergency storage batteries for expressway transportation systems considering deterioration risk during lead time of replacement.
Daijiro MizutaniYuto NakazatoRie IkushimaKoki SatsukawaYosuke KawasakiMasao KuwaharaPublished in: Reliab. Eng. Syst. Saf. (2024)
Keyphrases
- lead time
- transportation systems
- replacement policy
- holding cost
- base stock policy
- poisson process
- single product
- single item
- stochastic demand
- replenishment policy
- dual sourcing
- infinite horizon
- risk management
- expected profit
- periodic review
- supply chain
- inventory systems
- service level
- order quantity
- setup cost
- asymptotically optimal
- lot size
- lot sizing
- decision making
- inventory control
- assembly systems
- stochastic lead times
- inventory policy
- total cost
- finite horizon
- random variables
- joint replenishment
- ordering cost
- dynamic programming
- optimal solution
- customer demand
- single stage
- control policy
- average cost
- arrival rate
- optimal strategy