Modeling sourcing strategies to mitigate part obsolescence

DOI10.1016/J.EJOR.2014.01.025MaRDI QIDQ2356263zbMATH OpenOpenAlexFDO

Authors Yue Lin Shen, Sean P. Willems

Publication date 29 July 2015

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2014.01.025

zbMATH Keywords

manufacturingpart obsolescencediminishing manufacturing sources and material shortagelife-of-type buyline redesignpart substitution

Mathematics Subject Classification ID

Production models (90B30)

Recommendations

• Optimal inventory control and design refresh selection in managing part obsolescence
• Managing Inventory with the Prospect of Obsolescence
• Optimal selection of obsolescence mitigation strategies using a restless bandit model
• A periodic-review inventory model with application to the continuous-review obsolescence problem
• A dynamic-programming approach to continuous-review obsolescent inventory problems

Cites work

• Customer differentiated end-of-life inventory problem
• End-of-life service: A case study
• Good buy? Delaying end-of-life purchases
• Last time buy decisions for products sold under warranty
• Optimal selection of obsolescence mitigation strategies using a restless bandit model
• The `final order' problem
• The effect of lifetime buys on warranty repair operations
• The final order problem for repairable spare parts under condemnation

Cited in

(8)

• Performance analysis of a reflected fluid production/inventory model
• A comparison of two sourcing tactics for a new component
• Optimal selection of obsolescence mitigation strategies using a restless bandit model
• Last time buy and repair decisions for spare parts
• Clearing control policies for MAP inventory process with lost sales
• The impact of product upgrading on the decision of entrance to a secondary market
• Maximizing revenue of end of life items in retail stores
• Optimal inventory control and design refresh selection in managing part obsolescence

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