Displaying similar documents to “Convergence of Estimated Optimal Inventory Levels in Models With Probabilistic Demands”

The Lorenz transform approach to the optimal repair-cost limit replacement policy with imperfect repair

T. Dohi, F. S. Othman, N. Kaio, Sunji Osaki (2001)

RAIRO - Operations Research - Recherche Opérationnelle

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In this paper, we consider a repair-cost limit replacement problem with imperfect repair and develop a graphical method to determine the optimal repair-cost limit which minimizes the expected cost per unit time in the steady-state, using the Lorenz transform of the underlying repair-cost distribution function. The method proposed can be applied to an estimation problem of the optimal repair-cost limit from empirical repair-cost data. Numerical examples are devoted to examine asymptotic...

The videotape rental model.

Pasternack, Barry A., Drezner, Zvi (1999)

Journal of Applied Mathematics and Decision Sciences

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The Lorenz Transform approach to the Optimal Repair-Cost limit remplacement Policy with Imperfect Repair

T. Dohi, F. S. Othman, N. Kaio, Sunji Osaki (2010)

RAIRO - Operations Research

Similarity:

In this paper, we consider a repair-cost limit replacement problem with imperfect repair and develop a graphical method to determine the optimal repair-cost limit which minimizes the expected cost per unit time in the steady-state, using the Lorenz transform of the underlying repair-cost distribution function. The method proposed can be applied to an estimation problem of the optimal repair-cost limit from empirical repair-cost data. Numerical examples are devoted to examine...