Condition based spare parts supply

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

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9 Citations (Scopus)
48 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
Pages (from-to)240-248
Number of pages9
JournalReliability Engineering and System Safety
Volume168
DOIs
Publication statusPublished - 1 Dec 2017

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Keywords

  • Condition monitoring
  • Inventory
  • Spare parts

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