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- W1989862311 abstract "Simple inventory models are developed for fast moving spare parts subject to the risk of unexpected, immediate obsolescence. The approach does not require a precise knowledge of the probability distribution of the moment of obsolescence, as is the case for models discussed in the literature. A rough estimate of the obsolescence risk for the next order cycle is sufficient. The models can be seen as extensions of the EOQ-formula. Following cases are studied: 1. Constant obsolescence risk; no shortages allowed 2. Varying obsolescence risk; no shortages allowed 3. Varying obsolescence risk; shortages allowed It appears that the models are practicable and, in the proper circumstances, lead to a substantial reduction of cost." @default.
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- W1989862311 date "1996-07-01" @default.
- W1989862311 modified "2023-09-26" @default.
- W1989862311 title "Inventory models for fast moving spare parts subject to “sudden death” obsolescence" @default.
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- W1989862311 doi "https://doi.org/10.1016/0925-5273(96)00062-x" @default.
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