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Our topic is about Inventory Models for Maintenance & Repairable Items in Inventory Management and Control Subject

PRACTICE PROBLEMS FOR MAINTENANCE AND REPAIRABLE ITEMS 1. An engine has a mean failure rate of one (1) per week and a repair time of two (2) weeks. Determine the number of spare engines that need to be stocked to obtain a service level of 95%. 2. What changes would you make to your stocking policy in the first problem if the service time were reduced to one (1) week? References Shenoy, D., & Rosas, R. (2018). Problems & Solutions in Inventory Management Cham: Springer International Publishing AG PRACTICE PROBLEMS FOR MAINTENANCE AND REPAIRABLE ITEMS 1. An engine has a mean failure rate of one (1) per week and a repair time of two (2) weeks. Determine the number of spare engines that need to be stocked to obtain a service level of 95%. 2. What changes would you make to your stocking policy in the first problem if the service time were reduced to one (1) week? References Shenoy, D., & Rosas, R. (2018). Problems & Solutions in Inventory Management Cham: Springer International Publishing AG