Open Access. Powered by Scholars. Published by Universities.®

Operations Research, Systems Engineering and Industrial Engineering Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 2 of 2

Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering

Evaluation Of Time-Varying Availability In Multi-Echelon Inventory System With Combat Damage, Hoong Chuin Lau, Huawei Song Aug 2005

Evaluation Of Time-Varying Availability In Multi-Echelon Inventory System With Combat Damage, Hoong Chuin Lau, Huawei Song

Research Collection School Of Computing and Information Systems

The models for multi-echelon inventory systems in existing literatures predominantly address failures due to reliability in peacetime. In wartime or even peacetime operational scenarios, unexpected combat damage can cause a large number of systems to be heavily damaged, to the extent that they become irreparable. In this paper, we study a multi-echelon spare parts support system under combat damage, discuss the replenishment policy and propose an approximate method to evaluate the time-varying system performance operational availability considering the effect of passivation. Experiments show our model works well and efficiently against simulation.


On The Validity Of The Geometric Brownian Motion Assumption, Rahul Ratnakar Marathe, Sarah M. Ryan Jan 2005

On The Validity Of The Geometric Brownian Motion Assumption, Rahul Ratnakar Marathe, Sarah M. Ryan

Industrial and Manufacturing Systems Engineering Publications

The geometric Brownian motion (GBM) process is frequently invoked as a model for such diverse quantities as stock prices, natural resource prices and the growth in demand for products or services. We discuss a process for checking whether a given time series follows the GBM process. Methods to remove seasonal variation from such a time series are also analyzed. Of four industries studied, the historical time series for usage of established services meet the criteria for a GBM; however, the data for growth of emergent services do not.