TY - BOOK
T1 - Condition based spare parts supply
AU - Lin, X.
AU - Basten, R.J.I.
AU - Kranenburg, A.A.
AU - Houtum, van, G.J.J.A.N.
PY - 2012
Y1 - 2012
N2 - 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.
AB - 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.
M3 - Report
T3 - BETA publicatie : working papers
BT - Condition based spare parts supply
PB - Technische Universiteit Eindhoven
CY - Eindhoven
ER -