Proceedings of the 2021 International conference on Smart Technologies and Systems for Internet of Things (STS-IOT 2021)

Analysis of (r,Q) and (s,S) Spare Parts Ordering Strategy under Maximum Inventory Constraints

Authors
Ou Qi1, Lei Zhang2, Jiuchao Li1, *
1Army Academy of Armored Force, Beijing, China
2NO.2 Military Representative Office in Changchun of Shenyang Military Representative Bureau, Changchun, Jilin, China
*Corresponding author. Email: 247658766@qq.com
Corresponding Author
Jiuchao Li
Available Online 2 June 2022.
DOI
https://doi.org/10.2991/ahis.k.220601.005How to use a DOI?
Keywords
Inventory system; (R, q) strategy; (s, s) strategy; Inventory cost; Discrete demand
Abstract

Aiming at the limited maximum inventory in actual storage, the advantages and disadvantages of (R, q) and (s, s) spare parts ordering strategies are analyzed. Through the storage cost modeling, the optimal cost parameters of the two strategies are determined. Under the condition of cost optimal parameter control, the (R, q) and (s, s) ordering strategies are compared by sections, the cost maximum inventory relationship curves of the two strategies are obtained, and the calculation method of cost control critical point is given, which improves the practicability of spare parts ordering strategy under the condition of maximum inventory.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 2021 International conference on Smart Technologies and Systems for Internet of Things (STS-IOT 2021)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
2 June 2022
ISBN
978-94-6239-581-7
ISSN
2589-4919
DOI
https://doi.org/10.2991/ahis.k.220601.005How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

TY  - CONF
AU  - Ou Qi
AU  - Lei Zhang
AU  - Jiuchao Li
PY  - 2022
DA  - 2022/06/02
TI  - Analysis of (r,Q) and (s,S) Spare Parts Ordering Strategy under Maximum Inventory Constraints
BT  - Proceedings of the 2021 International conference on Smart Technologies and Systems for Internet of Things (STS-IOT 2021)
PB  - Atlantis Press
SP  - 21
EP  - 24
SN  - 2589-4919
UR  - https://doi.org/10.2991/ahis.k.220601.005
DO  - https://doi.org/10.2991/ahis.k.220601.005
ID  - Qi2022
ER  -