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Condition based spare parts supply
Lin, X. and Basten, R.J.I. and Kranenburg, A.A. and Houtum van, G.J. (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 |
| 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 |
| Export this item as: | BibTeX EndNote HTML Citation Reference Manager |
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