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Structural Properties of Third-Party Logistics Networks Read chapter Read first chapter

2011 | OriginalPaper | Chapter

Optimization of Spare Parts Lot Size for Supply of Equipment’s Park

Authors : Iryna Morozova, Mykhaylo Postan, Lyudmyla Shyryaeva

Published in: Dynamics in Logistics

Publisher: Springer Berlin Heidelberg

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Abstract

The model of stochastic optimization of inventory of nonrenewable spare parts for unreliable industrial equipment is studied. The processes of equipment’s work, its failures/renewals, and supply of spare parts are described in the terms of Markov drift process. The order points are assumed to be the moments of time when inventory level of spare parts at warehouse equals to zero. For manufacturing system “equipment park (production line)—warehouse of final product” the problem of optimum lot size of spare parts finding is formulated and analyzed (in steady-state regime).

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previous chapter An Approach to Model Reduction of Logistic Networks Based on Ranking
next chapter Weighted Multiplicative Decision Function for Distributed Routing in Transport Logistics
Literature
Ballou RH (1993) Business logistics management, 3rd Edn. Prentice-Hall Intl. Inc., New York
Gnedenko BV and Kovalenko IN (2005) An introduction to queueing theory. KomKniga, Moscow (in Russian)
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Orlisky J (1975) Materials Requirements Planning. McGraw-Hill, New York
Postan MYa (2006) Economic-mathematical models of multimodal transport. Astroprint, Odessa (in Russian)
Postan MYa (2008) Application of Markov drift processes to logistical systems modelling. Proc. of First Intl. Conf. “Dynamics in Logistics”, LDIC 2007, Springer, Bremen: pp. 443–455
Prabhu NU (1998) Stochastic storage processes: queues, insurance risk, dams, and data communications, 2nd Edn. Springer, Berlin-Heidelberg-New York
Rolsky T, Schmidli H, Smidt V, and Teugels J (1998) Stochastic processes for insurance and finance. Wiley, New York
Metadata
Title
Optimization of Spare Parts Lot Size for Supply of Equipment’s Park
Authors
Iryna Morozova
Mykhaylo Postan
Lyudmyla Shyryaeva
Copyright Year
2011
Publisher
Springer Berlin Heidelberg
Book
Dynamics in Logistics

Print ISBN: 978-3-642-11995-8

Electronic ISBN: 978-3-642-11996-5

Copyright Year: 2011

DOI
https://doi.org/10.1007/978-3-642-11996-5_10