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Nowadays railway companies are confronted with high infrastructure maintenance costs. Therefore good strategies are needed to carry out these maintenance activities in a most cost effective way. In this paper we solve the preventive maintenance scheduling problem (PMSP) using genetic algorithms,...
Persistent link: https://www.econbiz.de/10008584796
Ports provide a number of logistical choices concerning storage, onward transport, and postponement. We investigate the routing flexibility offered by ports with a central location with respect to the hinterland. This flexibility is investigated using an illustrative case in which a number of...
Persistent link: https://www.econbiz.de/10008584807
In the classical approach to determine how many spare parts to stock, the spare parts shortage costs or the minimum fill rate are a key factor. A difficulty with this approach lies in the estimation of these shortage costs or the determination of appropriate minimum fill rates. In an attempt to...
Persistent link: https://www.econbiz.de/10008584823
In this paper, we consider a continuous review inventory system of a slow moving item for which the demand rate drops to a lower level at a pre-determined time. Inventory system is controlled according to one-for-one replenishment policy with fixed lead time. Adaptation to the lower demand rate...
Persistent link: https://www.econbiz.de/10008584841
We consider the service parts end-of-life inventory problem of a capital goods manufacturer in the final phase of its life cycle. The final phase starts as soon as the production of parts terminates and continues until the last service contract expires. Final order quantities are considered a...
Persistent link: https://www.econbiz.de/10009003152
The present paper discusses an approach to solve the joint replenishment problem in a production environment with concave production cost functions. Under this environment, the model leads to a global optimization problem, which is investigated by using some standard results from convex...
Persistent link: https://www.econbiz.de/10005795612
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We present a thorough analysis of the economic order quantity model with shortages under a general inventory cost rate function and concave production costs. By using some standard results from convex analysis, we show that the model exhibits a composite concave-convex structure. Consequently,...
Persistent link: https://www.econbiz.de/10005288698
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