SERVICE LEVEL ANALYSIS OF (S-1, S) INVENTORY POLICY FOR NEGATIVE BINOMIAL DISTRIBUTED FAILURES
- Authors
- Ahn, Suneung; Kim, Woohyun
- Issue Date
- Dec-2008
- Publisher
- Operational Research Society of Singapore
- Keywords
- Negative binomial distributed failure; service level; parameter interpretation
- Citation
- Asia-Pacific Journal of Operational Research, v.25, no.6, pp 827 - 835
- Pages
- 9
- Indexed
- SCIE
SCOPUS
- Journal Title
- Asia-Pacific Journal of Operational Research
- Volume
- 25
- Number
- 6
- Start Page
- 827
- End Page
- 835
- URI
- https://scholarworks.bwise.kr/erica/handle/2021.sw.erica/41956
- DOI
- 10.1142/S0217595908002048
- ISSN
- 0217-5959
1793-7019
- Abstract
- This paper deals with the analysis of uncertain parameters in the (S - 1, S) inventory control policy. In order to determine the number of spare parts under the policy, parameters in a probability model for the number of failures during a replenishment lead time should be interpreted first. In case of the negative binomial distributed failures, the presented interpretation facilitates the incorporation of experts' opinions into the estimation of uncertain parameters. Determination of parameters via their interpretation is useful for deciding a service level in the area of reliability-based inventory control.
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Collections - COLLEGE OF ENGINEERING SCIENCES > DEPARTMENT OF INDUSTRIAL & MANAGEMENT ENGINEERING > 1. Journal Articles

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