The Final Order Problem for Repairable Spare Parts under Condemnation

We consider a manufacturer of complex machines that offers service contracts to her customers, committing herself to repair failed spare parts throughout a fixed service period. The suppliers of spare parts often discontinue the production of some parts as technology advances and ask the manufacture...

Ausführliche Beschreibung

Bibliographische Detailangaben
Veröffentlicht in:	The Journal of the Operational Research Society. - Taylor & Francis, Ltd.. - 60(2009), 10, Seite 1449-1461
1. Verfasser:	van Kooten, J. P. J. (VerfasserIn)
Weitere Verfasser:	Tan, T.
Format:	Online-Aufsatz
Sprache:	English
Veröffentlicht:	2009
Zugriff auf das übergeordnete Werk:	The Journal of the Operational Research Society
Schlagworte:	final order repairable inventory theory condemnation spare parts management Business Mathematics Applied sciences Behavioral sciences Religion


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100	1		\|a van Kooten, J. P. J. \|e verfasserin \|4 aut
245	1	4	\|a The Final Order Problem for Repairable Spare Parts under Condemnation
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520			\|a We consider a manufacturer of complex machines that offers service contracts to her customers, committing herself to repair failed spare parts throughout a fixed service period. The suppliers of spare parts often discontinue the production of some parts as technology advances and ask the manufacturer to place a final order. We address the problem of determining final orders for such spare parts. The parts that we consider are repairable, but they are subject to the risk of condemnation. We build a transient Markovian model to represent the problem for a repairable spare part with a certain repair probability and repair lead time and we present some approximations that allow for further real-life characteristics to be included. Furthermore, an approximate model that can be computed more efficiently is presented, and the sensitivity of the results obtained with respect to the problem parameters is discussed, helping us develop several managerial insights.
540			\|a Copyright 2009 Operational Research Society Ltd
650		4	\|a final order
650		4	\|a repairable inventory theory
650		4	\|a condemnation
650		4	\|a spare parts management
650		4	\|a Business \|x Business administration \|x Business management \|x Inventory management \|x Inventory control \|x Spare parts
650		4	\|a Mathematics \|x Pure mathematics \|x Probability theory \|x Random variables \|x Stochastic processes \|x Markov processes \|x Markov chains
650		4	\|a Applied sciences \|x Engineering \|x Mechanical engineering \|x Machinery
650		4	\|a Mathematics \|x Mathematical procedures \|x Approximation
650		4	\|a Behavioral sciences \|x Psychology \|x Cognitive psychology \|x Decision theory \|x Operations research
650		4	\|a Business \|x Business operations \|x Commerce \|x Business orders
650		4	\|a Mathematics \|x Applied mathematics \|x Statistics \|x Applied statistics \|x Statistical models \|x Parametric models
650		4	\|a Applied sciences \|x Research methods \|x Modeling
650		4	\|a Religion \|x Spiritual belief systems \|x Christianity \|x Christian philosophy \|x Christian justification \|x Sin \|x Eternal condemnation
650		4	\|a Mathematics \|x Applied mathematics \|x Statistics \|x Applied statistics \|x Descriptive statistics \|x Statistical distributions \|x Distribution functions \|x Probability distributions \|x Mathematical moments
650		4	\|a Business \|x Business administration \|x Business management \|x Inventory management \|x Inventory control \|x Spare parts
650		4	\|a Mathematics \|x Pure mathematics \|x Probability theory \|x Random variables \|x Stochastic processes \|x Markov processes \|x Markov chains
650		4	\|a Applied sciences \|x Engineering \|x Mechanical engineering \|x Machinery
650		4	\|a Mathematics \|x Mathematical procedures \|x Approximation
650		4	\|a Behavioral sciences \|x Psychology \|x Cognitive psychology \|x Decision theory \|x Operations research
650		4	\|a Business \|x Business operations \|x Commerce \|x Business orders
650		4	\|a Mathematics \|x Applied mathematics \|x Statistics \|x Applied statistics \|x Statistical models \|x Parametric models
650		4	\|a Applied sciences \|x Research methods \|x Modeling
650		4	\|a Religion \|x Spiritual belief systems \|x Christianity \|x Christian philosophy \|x Christian justification \|x Sin \|x Eternal condemnation
650		4	\|a Mathematics \|x Applied mathematics \|x Statistics \|x Applied statistics \|x Descriptive statistics \|x Statistical distributions \|x Distribution functions \|x Probability distributions \|x Mathematical moments \|x Theoretical Papers
655		4	\|a research-article
700	1		\|a Tan, T. \|e verfasserin \|4 aut
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773	1	8	\|g volume:60 \|g year:2009 \|g number:10 \|g pages:1449-1461
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