Add to ORKGWe consider a stock point for expensive, low-usage items that is operated by multiple decision makers. Each faces a Poisson demand process, and the joint stock point is controlled by a continuous-review base stock policy with full backordering. We consider penalty costs for backorders and holding costs for stock on hand. For this model, we derive structural properties of the resulting cost function. We use these to prove not only that it is cost effective to share one stock point with all parties involved, but also that collaboration (inventory pooling) can be supported by a stable cost allocation, i.e., the core of the associated cooperative game is non-empty. These results hold under optimized and under exogenously given base stock levels...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Machines at customers have to be provided with spare parts upon failure. Consider a number of groups...
We consider a stock point for expensive, low-usage items that is operated by multiple decision maker...
We consider a stock point for expensive, low-usage items that is operated by multiple decision maker...
We consider a stock point for expensive, low-usage items that is operated by multiple decision maker...
We consider a stock point for expensive, low-usage items that is operated by multiple decision maker...
We study a situation where n independent companies separately stock spare parts of the same item for...
We study a situation where n independent companies separately stock spare parts of the same item for...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Machines at customers have to be provided with spare parts upon failure. Consider a number of groups...
We consider a stock point for expensive, low-usage items that is operated by multiple decision maker...
We consider a stock point for expensive, low-usage items that is operated by multiple decision maker...
We consider a stock point for expensive, low-usage items that is operated by multiple decision maker...
We consider a stock point for expensive, low-usage items that is operated by multiple decision maker...
We study a situation where n independent companies separately stock spare parts of the same item for...
We study a situation where n independent companies separately stock spare parts of the same item for...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Companies that maintain capital goods (e.g., airplanes or power plants) often face high costs, both ...
Machines at customers have to be provided with spare parts upon failure. Consider a number of groups...