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A general ordering policy with number‐dependentminimal repair and random lead time

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Abstract

In this paper, we consider a general ordering policy with number‐dependent minimal repair and random lead time. By introducing costs due to ordering, repairs, shortage and holding, we derive the expected cost per unit time in the long run as a criterion of optimality, and seek the optimum policy by minimizing that cost. We show that, under certain conditions, there exists a finite and unique optimum policy. Various special cases are discussed. A numerical example is given to illustrate the method.

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  1. s.‐H. Sheu
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Sheu, s. A general ordering policy with number‐dependentminimal repair and random lead time. Annals of Operations Research 91, 227–250 (1999). https://doi.org/10.1023/A:1018997606622

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