Managing Spares Inventory Through Life Time Value Assessment
نویسندگان
چکیده
منابع مشابه
Risk Based Optimisation of Spares Inventory Management
Spare parts inventories assist maintenance staff to keep equipment in operating condition. Thus the level of spares stocked has a direct bearing on machine availability. This paper presents an innovative risk based approach for spare parts inventory optimisation. Research presented here is in response to a real-life problem of developing a methodology for optimising the stocking of spare parts ...
متن کاملManaging Perishable Inventory
This article discusses inventory management of perishable items, including the differences between inventory models that consider items’ perishability and the standard models that ignore this issue. We hope that this article will help fostering the interest of students and researchers in inventory control of perishable items, and ultimately help improving the inventory control of perishable ite...
متن کاملIntroducing the Time Value of Money in a Non-consignment Vendor Managed Inventory Model
Vendor managed inventory (VMI) is an integrated approach for buyer–vendor coordination, according to which the vendor (supplier or manufacturer) decides on the appropriate buyer’s (retailer’s) inventory levels. The time value of money has not traditionally been considered in evaluating VMI supply chain’s total inventory cost in any studies up to now. Therefore, in the present study a new model ...
متن کاملThe Inventory System Management under Uncertain Conditions and Time Value of Money
This study develops a inventory model to determine ordering policy for deteriorating items with shortages under markovian inflationary conditions. Markov processes include process whose future behavior cannot be accurately predicted from its past behavior (except the current or present behavior) and which involves random chance or probability. Behavior of business or economy, flow of traffic, p...
متن کاملAutomatic Representation for Life-Time Value Recommender Systems Automatic Representation for Life-Time Value Recommender Systems
Recommender systems are embedded in almost every commercial site, proposing users items which are likely to draw their interest. While most systems maximize the immediate gain, a better notion of success would be the lifetime value (LTV) of the user-system interaction. The LTV approach instead considers the future implications of the item recommendations, and seeks to maximize over the cumulati...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Operations and Supply Chain Management: An International Journal
سال: 2014
ISSN: 2579-9363
DOI: 10.31387/oscm0180118