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Inventory control for parts with infrequent demands is difficult since forecasting their demand is problematic. Traditional forecasting methods, such as moving average and single exponential smoothing, are known not to suffice since they do not cope well with periods with zero demands. Croston...
Persistent link: https://www.econbiz.de/10011076742
In the field of after sales service logistics for capital goods, generally, METRIC type methods are used to decide where to stock spare parts in a multi-echelon repair network such that a target availability of the capital goods is achieved. These methods generate a trade-off curve of spares...
Persistent link: https://www.econbiz.de/10010597595
We consider an OEM who is responsible for the availability of her systems in the field through performance-based contracts. She detects that a critical reparable component in her systems has a poor reliability performance. She decides to improve its reliability by a redesign of that component...
Persistent link: https://www.econbiz.de/10011264303
We consider a continuous-time, single-echelon, multi-location inventory model with Poisson demand processes. In case of a stock-out at a local warehouse, a demand can be fulfilled via a lateral transshipment (LT). Each warehouse is assigned a pre-determined sequence of other warehouses where it...
Persistent link: https://www.econbiz.de/10010574202
We study real-time demand fulfillment for networks consisting of multiple local warehouses, where spare parts of expensive technical systems are kept on stock for customers with different service contracts. Each service contract specifies a maximum response time in case of a failure and hourly...
Persistent link: https://www.econbiz.de/10010662500