Condition based spare parts supply

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

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Samenvatting

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.
Originele taal-2Engels
Plaats van productieEindhoven
UitgeverijTechnische Universiteit Eindhoven
Aantal pagina's28
StatusGepubliceerd - 2012

Publicatie series

NaamBETA publicatie : working papers
Volume371
ISSN van geprinte versie1386-9213

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