IDEAS home Printed from https://ideas.repec.org/a/inm/oropre/v16y1968i3p669-674.html
   My bibliography  Save this article

An Ordering Policy for Repairable Stock Items

Author

Listed:
  • Stephen G. Allen

    (Stanford Research Institute, Menlo Park, California)

  • Donato A. D'Esopo

    (Stanford Research Institute, Menlo Park, California)

Abstract

When a stock item fails, it is assumed to be repairable with a known positive probability less than one. In this case stock must be replenished on occasion with new supplies. An ordering policy of the familiar reorder point-order quantity type is considered, and expressions developed for expected shortages, inventory, and number of orders per unit of time. Because shortages within a replenishment cycle can decrease because of returns from repair, the derivation of expected shortages is of particular interest.

Suggested Citation

  • Stephen G. Allen & Donato A. D'Esopo, 1968. "An Ordering Policy for Repairable Stock Items," Operations Research, INFORMS, vol. 16(3), pages 669-674, June.
    • Handle: RePEc:inm:oropre:v:16:y:1968:i:3:p:669-674
    DOI: 10.1287/opre.16.3.669
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/opre.16.3.669
    Download Restriction: no
    File URL: https://libkey.io/10.1287/opre.16.3.669?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gu, Jingyao & Zhang, Guoqing & Li, Kevin W., 2015. "Efficient aircraft spare parts inventory management under demand uncertainty," Journal of Air Transport Management, Elsevier, vol. 42(C), pages 101-109.
    2. Chi Chiang & Genaro J. Gutierrez, 1998. "Optimal control policies for a periodic review inventory system with emergency orders," Naval Research Logistics (NRL), John Wiley & Sons, vol. 45(2), pages 187-204, March.
    3. Xian Zhao & Jing Zhang & Xiaoyue Wang, 2019. "Joint optimization of components redundancy, spares inventory and repairmen allocation for a standby series system," Journal of Risk and Reliability, , vol. 233(4), pages 623-638, August.
    4. Svoboda, Josef & Minner, Stefan & Yao, Man, 2021. "Typology and literature review on multiple supplier inventory control models," European Journal of Operational Research, Elsevier, vol. 293(1), pages 1-23.
    5. John Khawam & Warren H. Hausman & Dinah W. Cheng, 2007. "Warranty Inventory Optimization for Hitachi Global Storage Technologies, Inc," Interfaces, INFORMS, vol. 37(5), pages 455-471, October.
    6. Guide, V. Daniel R. & Srivastava, Rajesh, 1997. "Repairable inventory theory: Models and applications," European Journal of Operational Research, Elsevier, vol. 102(1), pages 1-20, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:16:y:1968:i:3:p:669-674. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.