Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
479006 | European Journal of Operational Research | 2008 | 32 Pages |
Abstract
Inventory control of spare parts is essential to many organizations, since excess inventory leads to high holding costs and stock outs can have a great impact on operations performance. This paper compares different re-order point methods for effective spare parts inventory control, motivated by a case study at a large oil refinery. Different demand modeling techniques and inventory policies are evaluated using real data.
Keywords
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Eric Porras, Rommert Dekker,