Repairable Stocking and Expediting in a Fluctuating Demand Environment: Optimal Policy and Heuristics

DOI10.1287/opre.2016.1498zbMath1354.90163OpenAlexW2414938021MaRDI QIDQ2957458

Rob J. I. Basten, Joachim Arts, Geert-Jan van Houtum

Publication date: 26 January 2017

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/a86bb1205f7861276673a33ebd2f5709875630af

zbMATH Keywords

heuristicsinventoryMarkov decision processMarkov modulated Poisson processoptimal policiesexpeditingdual-sourcing

Mathematics Subject Classification ID

Approximation methods and heuristics in mathematical programming (90C59) Reliability, availability, maintenance, inspection in operations research (90B25) Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items (9)

Stockout risk estimation and expediting for repairable spare parts ⋮ Operational planning in service control towers -- heuristics and case study ⋮ Optimal and heuristic policies for production and inventory controls in dual supply chains with fluctuating demands ⋮ Smart Policies for Multisource Inventory Systems and General Tandem Queues with Order Tracking and Expediting ⋮ A multi-item approach to repairable stocking and expediting in a fluctuating demand environment ⋮ Modelling and understanding count processes through a Markov-modulated non-homogeneous Poisson process framework ⋮ A review of operational spare parts service logistics in service control towers ⋮ Operational level planning of a multi-item two-echelon spare parts inventory system with reactive and proactive interventions ⋮ Inventory systems with stochastic and batch demand: computational approaches

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