arXiv · 1811.08145
Stable Spare Parts Pooling for Military Weapon Systems
Abstract
We study under which circumstances Departments of Defenses should be willing to deploy a joint parts part pooling program for their major weapon systems. Using cooperative game theory and Markov Decision Processes, we demonstrate that the type of pooling strategy plays a crucial role in the success of such a joint spare parts pool. More precisely, we show that a joint spare parts pool may not last long -- or even not arise -- if full pooling is applied, while it is stable under threshold pooling.
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Loe Schlicher, Marco Slikker, Willem van Jaarsveld. 2018-11-20. Stable Spare Parts Pooling for Military Weapon Systems. https://arxiv.org/abs/1811.08145
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