Inventory pooling of repairable spare parts with non-zero lateral transshipment time and delayed lateral transshipments |
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| Affiliation: | 1. Division of Industrial and System Engineering, Taiyuan University of Science & Technology, Taiyuan 030024, China;2. Economics & Management School, Taiyuan University of Science & Technology, Taiyuan 030024, China;3. School of Computer Science and Control Engineering, North University of China, Taiyuan 030051, China |
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| Abstract: | In this paper, we develop an analytical model to estimate several performance measures in a single-item, multi-company, repairable inventory system where complete pooling of stock is permitted among the companies. Compared to previous research, this paper is different in that both non-zero lateral transshipment time and delayed lateral transshipments are considered in the model. We model the system as a multi-dimensional Markovian problem and solve it using a two-stage solution method. The proposed method is very accurate and computationally efficient. |
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