Condition based spare parts supply

X. Lin, R.J.I. Basten, A.A. Kranenburg, G.J.J.A.N. Houtum, van

Research output: Book/ReportReportAcademic

72 Downloads (Pure)

Abstract

We consider a spare parts stock point that serves an installed base of machines. Each machine contains the same critical component, whose degradation behavior is described by a Markov process. We consider condition based spare parts supply, and show that an optimal, condition based inventory policy is 20% more efficient on average than a standard, state-independent base stock policy. We further propose an efficient and effective heuristic policy.
Original languageEnglish
Place of PublicationEindhoven
PublisherTechnische Universiteit Eindhoven
Number of pages28
Publication statusPublished - 2012

Publication series

NameBETA publicatie : working papers
Volume371
ISSN (Print)1386-9213

Fingerprint Dive into the research topics of 'Condition based spare parts supply'. Together they form a unique fingerprint.

Cite this