1. Emergency Supply Alternatives for a Storage Facility of a Repairable Multi-Component System.
- Author
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Barron, Yonit and Benshimol, Chananel
- Subjects
- *
QUEUING theory , *LEAD time (Supply chain management) , *LIFE spans , *STORAGE facilities , *STOCHASTIC models - Abstract
This paper studies a continuous-review stochastic replenishment model for a multi-component system with regular and emergency orders. The system consists of N parallel and independent components, each of which has a finite life span. In addition, there is a warehouse with a limited stock of new components. Each broken component is replaced by a new component from the stock. When no component is available, an emergency supply is ordered. The stock is managed according to an ((s , S) , (0 , Q e)) policy, which is a combination of an (s , S) policy for the regular order and a (0 , Q e) policy for the emergency order. The regular order is delivered after an exponentially distributed lead time, whereas the emergency order is delivered immediately. We study three sub-policies for emergency orders, which differ from each other in size and in relation to the regular order. Applying the results from queueing theory and phase-type properties, we derive the optimal thresholds for each sub-policy and then compare the economic benefit of each one. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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