1Research Scholar, Department of Statistics, Manonmaniam Sundaranar University, Tirunelveli
2Assistant Professor, Department of Statistics, Arignar Anna Government Arts College, Villupuram
3Associate Professor (Retd), Department of Statistics, Periyar E.V.R. College, Trichy
Online published on 7 May, 2019.
Determining the optimal reserve inventory between machines in series is a special type of inventory problem in the inventory control theory. The models for optimal reserve inventory between two machines have been discussed by many researchers with the assumption that the repair time of M1 undergoes parameteric change and change of distribution properties. In this paper, a study on the behaviour of optimal reserve inventory between two machines in series is discussed. Especially the behaviour of optimal reserve inventory is analysed for the changes in the holding costs and ideal time costs, whenever the repair time of machine M1 undergoes the Setting Clock Back to Zero and Change of distribution property. Also the optimal reserve inventory values are compared under the above two said properties.
Series system, Semi-finished products, Repair time, Breakdown period, Truncation point
