A stochastic dynamic programming model is used to characterize an ordering policy which addresses both sources of demand in a unified ...
In order to minimize the cost rate of maintenance and spare parts inventory, the
restrict our attention to age-based replacement and base stock policy .
If the spare part is unavailable at the required
Failure replacement and preventive maintenance spare parts ordering policy. TS Vaughan. European Journal of Operational Research 161 (1), 183-190, 2005.
In contrast, the predictive policy requires that the failures are detected at the
of preventive maintenance and spare parts safety stocks in unreliable ...
External shocks itself does not directly lead to system failure, but it
concept, this study focus on periodic order policy and.
mal order intervals and order quantities of spare parts for a fixed planning horizon.