Condition based spare parts supply

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Lin, X. and Basten, R.J.I. and Kranenburg, A.A. and Houtum, G.J. van (2012) Condition based spare parts supply. [Report]

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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
e cient on average than a standard, state-independent base stock policy. We
further propose an e cient and e ective heuristic policy
Item Type:Report
Additional information:NUR 804
Faculty:
Engineering Technology (CTW)
Research Chair:
Link to this item:http://purl.utwente.nl/publications/79847
Official URL:http://beta.ieis.tue.nl/node/1994
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