Ordering policies based on repair cost limit criterion (Q1115341)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Ordering policies based on repair cost limit criterion |
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Ordering policies based on repair cost limit criterion (English)
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1988
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Two ordering policies are considered for a complex system which is subjected to minimal repairs based on a repair cost limit criterion. Introducing costs due to repairs, inspections, replacement, shortage and holding, the optimum ordering policies which minimise the expected cost rate in the long run are discussed. A numerical example is also presented.
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ordering policies
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complex system
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minimal repairs
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inspections
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replacement
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shortage
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holding
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long run
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