Template-Type: ReDIF-Paper 1.0
Author-Name: Bayindir, Z.P.
Author-Name-Last: Bayindir
Author-Name-First: Pelin
Author-Name: Dekker, R.
Author-Name-Last: Dekker
Author-Name-First: Rommert
Author-Person: pde16
Author-Name: Porras Musalem, E.
Author-Name-Last: Porras Musalem
Author-Name-First: Eric
Title: Determination of recovery effort for a probabilistic recovery system under various inventory control policies
Abstract: In this study we investigate the desired level of recovery under various inventory control policies when the success of recovery is probabilistic. Recovery process is modelled as a single stage operation and recovery effort is represented by the expected time spent for it. The effect of increasing recovery effort on the success probability together with unit cost of the operation is included by assuming general forms of dependencies. The desired level of recovery is investigated under four inventory control policies for a wide range of system  parameters. In this article, we present our computational results and their managerial implications.
Creation-Date: 2004-03-10
File-URL: https://repub.eur.nl/pub/1191/ei200408.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI 2004-08
Keywords: inventory control, probabilistic recovery
Handle: RePEc:ems:eureir:1191