Rationing policies in a spare parts inventory system with customers differentiation.
Chaaben KoukiChristian LarsenPublished in: Int. J. Prod. Res. (2021)
Keyphrases
- spare parts
- inventory management
- lost sales
- inventory level
- holding cost
- service level
- total cost
- customer demand
- optimal production
- optimal policy
- lead time
- call center
- inventory systems
- periodic review
- single stage
- expected cost
- planning horizon
- inventory control
- production system
- supply chain
- infinite horizon
- state dependent
- setup cost
- order quantity
- single item
- inventory policy
- cold standby
- average cost
- long run
- stochastic demand
- multi item
- production cost
- single server
- asymptotically optimal
- markov decision processes
- optimal solution
- finite horizon
- high volume
- state space
- vehicle routing
- database
- arrival rate
- raw material
- optimization model
- supply chain management
- probability distribution
- dynamic programming