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IIMB Management Review

Journal of Indian Institute of Management Bangalore

IIM Bangalore offers Degree-Granting Programmes, a Diploma Programme, Certificate Programmes and Executive Education Programmes and specialised courses in areas such as entrepreneurship and public policy.

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Optimal Selection of Obsolescence Mitigation Strategies Using a Restless Bandit Model

Dinesh Kumar and Haritha Saranga
Journal Name
European Journal of Operational Research
Journal Publication
others
Publication Year
2010
Production & Operations Management
Publication Date
Vol.200, PP 170-180 Jan'2010
Abstract

Obsolescence of embedded parts is a serious concern for managers of complex systems where the design life of the system typically exceeds 20 years. Capital asset management teams have been exploring several strategies to mitigate risks associated with Diminishing Manufacturing Sources (DMS) and repeated life extensions of complex systems.

Optimal Selection of Obsolescence Mitigation Strategies Using a Restless Bandit Model

Author(s) Name: Dinesh Kumar and Haritha Saranga
Journal Name: European Journal of Operational Research
Volume: Vol.200, PP 170-180 Jan'2010
Year of Publication: 2010
Abstract:

Obsolescence of embedded parts is a serious concern for managers of complex systems where the design life of the system typically exceeds 20 years. Capital asset management teams have been exploring several strategies to mitigate risks associated with Diminishing Manufacturing Sources (DMS) and repeated life extensions of complex systems.