search query: @author Kleindorfer, P. R. / total: 4
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| Author: | Cohen, M. A. Kleindorfer, P. R. Lee, H. L. |
| Title: | Near-optimal service constrained stocking policies for spare parts. |
| Journal: | Operations Research
1989 : JAN-FEB, VOL. 37:1, p. 104-117 |
| Index terms: | INVENTORY CONTROL |
| Language: | eng |
| Abstract: | The studied problem is to determine the optimal stocking policy for a facility that stocks a collection of items linked by an overall service level requirement. The question is to determine the number of each unit to be kept in stock so as to minimize expected holding costs while meeting service objectives. Policies are determined by duality methods. The results of an empirical test of the solution heuristic are presented. The experimental results on the performance are quite encouraging. The basic problem structure is a generalization of the well-known tool-kit problem. It is formulated to allow applications in much broader spare part logistics contexts. |
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