Abstract
A Gasp IV simulation model is presented to analyze repairable item inventory control. Each item, in an increasing population size, is subject to failure, however only a percentage of those that fail can be repaired. The repair can be performed in batches or individually, and only when a repair station is available for repair. Six inventory policies are available in the model. The simulation analyzes the effects of an order quantity or an order level of inventory, number of repair stations and the time between reviews on shortages, utilization and cost. The simulation events are discussed in detail and a sample run is presented in the Appendix.
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