2013Journal of Naval University of EngineeringRequires access

Modeling and optimization of multi-location inventory lateral transshipment system of repairable spare ports

Zhang Guang-y

Open publisher page 1 citations

Abstract

The lateral supply management is an effective approach to improving equipment support.For this purpose,a multi-location inventory model is established based on the steady-state probability of lateral transshipment of repairable spare part.The use of the heuristic algorithm for the model is to find an optimal inventory at each location under the constraints of service level.And the correctness of the model is verified by simulation as well as examples.The result demonstrates that the optimal scheme obtained from the model can not only meet the target of equipment support but also save a large amount of inventory cost.This will be of great significance to the perfection of inventory theory and of much help to the decision-making of a reasonable optimization project.

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What this paper is about

The lateral supply management is an effective approach to improving equipment support.For this purpose,a multi-location inventory model is established based on the steady-state probability of lateral transshipment of repairable spare part.The use of the heuristic algorithm for the model is to find an optimal inventory at each location under the constraints of service level.And the correctness of the model is verified by simulation as well as examples.The result demonstrates that the optimal scheme obtained from the model can not only meet the target of equipment support but also save a large amount of inventory cost.This will be of great significance to the perfection of inventory theory and of much help to the decision-making of a reasonable optimization project.

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Available abstract

The lateral supply management is an effective approach to improving equipment support.For this purpose,a multi-location inventory model is established based on the steady-state probability of lateral transshipment of repairable spare part.The use of the heuristic algorithm for the model is to find an optimal inventory at each location under the constraints of service level.And the correctness of the model is verified by simulation as well as examples.The result demonstrates that the optimal scheme obtained from the model can not only meet the target of equipment support but also save a large amount of inventory cost.This will be of great significance to the perfection of inventory theory and of much help to the decision-making of a reasonable optimization project.

Key concepts: Transshipment (information security), Spare part, Correctness, Inventory theory, Computer science, Operations research, Service level, Heuristic

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