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

Published Online:https://doi.org/10.1287/opre.2016.1498

References

  • Aldous D, Shepp L (1987) The least variable phase type distribution is Erlang. Comm. Statist.: Stochastic Models 3(3):467–473.CrossrefGoogle Scholar
  • Alfredsson P, Verrijdt J (1999) Modeling emergency supply flexibility in a two-echelon inventory system. Management Sci. 45(10):1416–1431.LinkGoogle Scholar
  • Artalejo JR, Gómez-Corral A, He QM (2010) Markovian arrivals in stochastic modelling: A survey and some new results. SORT: Statist. Oper. Res. Trans. 34(2):101–156.Google Scholar
  • Arts J, Van Vuuren M, Kiesmüller GP (2011) Efficient optimization of the dual index policy using Markov chains. IIE Trans. 43(8):604–620.CrossrefGoogle Scholar
  • Basten RJI, Van Houtum GJ (2014) System-oriented inventory models for spare parts. Surveys Oper. Res. Management Sci. 19(1):34–55.CrossrefGoogle Scholar
  • Feng Q, Sethi SP, Yan H, Zhang H (2006) Are base-stock policies optimal in inventory problems with multiple delivery modes? Oper. Res. 54(4):801–807.LinkGoogle Scholar
  • Fischer W, Meier-Hellstern K (1992) The Markov-modulated Poisson process (MMPP) cookbook. Performance Eval. 18(2):149–171.CrossrefGoogle Scholar
  • Fukuda Y (1964) Optimal policies for the inventory problem with negotiable leadtime. Management Sci. 10(4):690–708.LinkGoogle Scholar
  • Gaukler GM, Özer Ö, Hausman WH (2008) Order progress information: Improved dynamic emergency ordering policies. Production Oper. Management 17(6):599–613.CrossrefGoogle Scholar
  • Koole G (1998) Structural results for the control of queueing systems using event-based dynamic programming. Queueing Systems 30(3):323–339.CrossrefGoogle Scholar
  • Koole G (2004) Convexity in tandem queues. Probab. Engrg. Informational Sci. 18(1):13–31.CrossrefGoogle Scholar
  • Koole G (2006) Monotonicity in Markov reward and decision chains: Theory and applications. Foundations Trends in Stochastic Systems 1(1):1–76.CrossrefGoogle Scholar
  • Kulkarni VG (1999) Modeling, Analysis, Design, and Control of Stochastic Systems (Springer, New York).CrossrefGoogle Scholar
  • Minner S (2003) Multiple supplier inventory models in supply chain management: A review. Internat. J. Production Econom. 81–82:265–279.CrossrefGoogle Scholar
  • Moinzadeh K, Schmidt CP (1991) An (S - 1, S) inventory system with emergency orders. Oper. Res. 39(3):308–321.LinkGoogle Scholar
  • Muckstadt JA (2005) Analysis and Algorithms for Service Part Supply Chains (Springer, Berlin).Google Scholar
  • Pérès F, Grenouilleau JC (2002) Initial spare parts supply of an orbital system. Aircraft Engrg. Aerospace Tech. 74(3):252–262.CrossrefGoogle Scholar
  • Puterman ML (1994) Markov Decision Processes: Discrete Stochastic Dynamic Programming (John Wiley & Sons, New York).CrossrefGoogle Scholar
  • Ross SM (1996) Stochastic Processes, 2nd ed. (John Wiley & sons, New York).Google Scholar
  • Rustenburg WD, van Houtum GJ, Zijm WHM (2001) Spare parts management at complex technology-based organizations: An agenda for research. Internat. J. Production Econom. 71(1–3):177–193.CrossrefGoogle Scholar
  • Sheopuri A, Janakiraman G, Seshadri S (2010) New policies for the stochastic inventory control problem with two supply sources. Oper. Res. 58(3):734–745.LinkGoogle Scholar
  • Sherbrooke CC (1968) METRIC: A multiechelon technique for recoverable item control. Oper. Res. 16(1):122–141.LinkGoogle Scholar
  • Sherbrooke CC (2004) Optimal Inventory Modeling of Systems: Multiechelon Techniques, 2nd ed. (Wiley, Hoboken, NJ).Google Scholar
  • Slay FM, Sherbrooke C (1988) The nature of the aircraft component failure process. Technical Report IR701R1, Logistics Management Institute, Washington D.C.Google Scholar
  • Song JS, Zipkin P (1993) Inventory control in a fluctuating demand environment. Oper. Res. 41(2):351–370.LinkGoogle Scholar
  • Song JS, Zipkin P (2009) Inventories with multiple supply sources and networks of queues with overflow bypasses. Management Sci. 55(3): 362–372.LinkGoogle Scholar
  • Veeraraghavan S, Scheller-Wolf A (2008) Now or later: A simple policy for effective dual sourcing in capacitated systems. Oper. Res. 56(4): 850–864.LinkGoogle Scholar
  • Verrijdt J, Adan I, de Kok T (1998) A trade off between emergency repair and inventory investment. IIE Trans. 30(2):119–132.CrossrefGoogle Scholar
  • Whittmore AS, Saunders SC (1977) Optimal inventory under stochastic demand with two supply options. SIAM J. Appl. Math. 32(2):293–305.CrossrefGoogle Scholar
  • Zipkin PH (2000) Foundations of Inventory Management (McGraw-Hill, New York).Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.