Browsing by Author "van der Laan, Ervin"
Authors:Hekimoğlu, Mustafa; van der Laan, Ervin; Dekker, Rommert
Publisher and Date:(Elsevier Science Bv, 2018)Spare parts supply chains are highly dependent on the dynamics of their installed bases. A decreasing number of capital products in use increases the nonstationary supply-side risk especially towards the end-of-life of capital products. This supply-side risk appears to present itself through varying lead times coupled with supply disruptions. To model the nonstationary supply-side risk we consider an exogenous Markov chain that modulates random lead times and disruption probabilities. Assuming ...