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On the optimal ordering policies in maintenance theory—survey and applications

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  • Tadashi Dohi
  • Naoto Kaio
  • Shunji Osaki

Abstract

In this paper, we consider a typical but somewhat generalized order‐replacement model arising in the spare part inventory management. The optimal ordering policies minimizing the long‐run average cost are analytically derived. We review the mathematical contexts of the order‐replacement problems and refer to their applications. A comprehensive bibliography in this research area is provided. Copyright © 1998 John Wiley & Sons, Ltd.

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  • Tadashi Dohi & Naoto Kaio & Shunji Osaki, 1998. "On the optimal ordering policies in maintenance theory—survey and applications," Applied Stochastic Models and Data Analysis, John Wiley & Sons, vol. 14(4), pages 309-321, December.
    • Handle: RePEc:wly:apsmda:v:14:y:1998:i:4:p:309-321
    DOI: 10.1002/(SICI)1099-0747(199812)14:43.0.CO;2-R
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