An Analysis of an Inventory System for Interchangeable Recoverable Items

Abstract

The objective of this grant was to study the interchangeability/ substitutability problem for recoverable items and to develop methods for managing interchangeable recoverable items. Research has led to a full understanding of the behavior of a single-echelon, two-item system over an infinite horizon when the failure times are independent, stationary Poisson processes and the repair times are exponential. Approximately optimal policies for managing this system have been found. These methods have been extended to methods for finding approximately optimal policies for managing the single- echelon system with several interchangeable recoverable items.

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Document Details

Document Type
Technical Report
Publication Date
Aug 31, 1980
Accession Number
ADA089871

Entities

People

  • Carol Shilepsky
  • David Heath
  • John Muckstadt

Organizations

  • Cornell University College of Engineering

Tags

Communities of Interest

  • Ground and Sea Platforms
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Air Force
  • Algorithms
  • Circuit Boards
  • Computational Science
  • Equations
  • Linear Programming
  • Markov Chains
  • Mathematical Models
  • Mathematical Programming
  • Operations Management
  • Operations Research
  • Optimization
  • Probabilistic Models
  • Probability
  • Random Variables
  • Systems Engineering
  • Theorems

Readers

  • Logistics and Supply Chain Management.
  • Mathematical Modeling and Probability Theory.