Final phase inventory management of spare parts under nonhomogeneous poisson demand rate

Simple item page
buir.advisorErkip, Nesim K.
dc.contributor.authorÇay, Sertalp Bilal
dc.date.accessioned2016-01-08T18:26:40Z
dc.date.available2016-01-08T18:26:40Z
dc.date.issued2013
dc.descriptionAnkara : The Department of Industrial Engineering and the Graduate School of Engineering and Science of Bilkent University, 2013.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2013.en_US
dc.descriptionIncludes bibliographical references leaves 83-86.en_US
dc.description.abstractIn product lifecycle, there are three phases, initial phase, normal phase and final phase. Final phase begins when the product is out of production, and ends when the last contract expires. It is generally the longest period in the lifecycle. Although the product is not manufactured any more, spare parts of the product need to be supplied to the market. Firms need to provide these parts at the retailer level until the end of the phase due to legal responsibilities. Because of lack of historical data and unavailability of forecasting, retailers need a systematic policy to decide replenishment quantity and time to prevent excessive holding, backordering, unit and setup costs. In our problem, we assume that demand of the spare part is a non-homogeneous Poisson process where the rate parameter is a non-increasing function of time. We consider all costs and lead time are fixed and known. Due to characteristics of the final phase, the planning horizon is taken as finite and known. In this study, we developed two alternative heuristics for retailer’s problem to minimize total cost during the final phase. First heuristic is a continuous-review policy based on estimation of future replenishments by solving series of deterministic demand subproblems. Second heuristic is a periodic-review policy with variable period lengths, which solves myopic problems, by selecting subsequent time points to check inventory position. We also developed a simulation model to evaluate performances of the heuristics. This study provides an efficient way to decide on replenishment quantity and time. Limited numerical results show that heuristics provide near-optimal results for homogeneous cases studied in the literature. Moreover, this is one of the initial studies that considers final phase with non-homogeneous demand rate. In that sense, it makes a contribution to the literature of final phase problems and provides a systematic way of replenishment decisions for the retailers.en_US
dc.description.provenanceMade available in DSpace on 2016-01-08T18:26:40Z (GMT). No. of bitstreams: 1 0006612.pdf: 1854613 bytes, checksum: 6e72ec55d54ab8ef27c48036948bac34 (MD5)en
dc.description.statementofresponsibilityÇay, Sertalp Bilalen_US
dc.format.extentx, 96 leaves, graphs, tablesen_US
dc.identifier.urihttp://hdl.handle.net/11693/15915
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectInventory Control,en_US
dc.subjectFinal Phaseen_US
dc.subjectSpare Parten_US
dc.subject.lccTS160 .C39 2013en_US
dc.subject.lcshInventory control--Mathematical models.en_US
dc.subject.lcshProduction planning.en_US
dc.subject.lcshSupply and demand.en_US
dc.subject.lcshSpare parts.en_US
dc.titleFinal phase inventory management of spare parts under nonhomogeneous poisson demand rateen_US
dc.typeThesisen_US
thesis.degree.disciplineIndustrial Engineering
thesis.degree.grantorBilkent University
thesis.degree.levelMaster's
thesis.degree.nameMS (Master of Science)

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
0006612.pdf
Size:
1.77 MB
Format:
Adobe Portable Document Format
Download

Collections

Graduate School of Engineering and Science