search query: @author Magazine, M. J. / total: 4
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| Author: | Gerchak, Y. Magazine, M. J. Gamble, A. B. |
| Title: | Component commonality with service level requirements. |
| Journal: | Management Science
1988 : JUN, VOL. 34:6, p. 753-760 |
| Index terms: | INVENTORY CONTROL PRODUCTION PLANNING |
| Language: | eng |
| Abstract: | Discussed is the impact of component commonality on stocking levels under service level constraints. A model is formulated for an arbitrary number of products with general joint demand distribution. The results show that while utilizing commonality is beneficial, nothing general can be said about the resulting change in the components' stock levels. When the cost structure is of a particular simple form, though, some interesting general patterns do emerge. Discussed in the case of using a service-level measure where rationing of common components might be required. |
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