A Stochastic Repairable Item Inventory Model.
Abstract
A model is constructed of a repairable item inventory system where on-hand stocks are resupplied both by repair and procurement. The basic properties of the model are analyzed. A Poisson failure process is assumed, and steady state probabilities are found for operation of the model under <R,Q> and <S-1,S> inventory policies. Further, a compound Poisson failure process under an <S-1.S> inventory policy is also analyzed. Measures of supply performance, such as expected number of backorders per unit time, are derived for the system under the various policies. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1971
- Accession Number
- AD0736540
Entities
People
- Michael George Wilson
Organizations
- Naval Postgraduate School