Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5019428 | Reliability Engineering & System Safety | 2017 | 9 Pages |
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 efficient on average than a standard, state-independent base stock policy. We further propose an efficient and effective heuristic policy.
Related Topics
Physical Sciences and Engineering
Engineering
Mechanical Engineering
Authors
X. Lin, R.J.I. Basten, A.A. Kranenburg, G.J. van Houtum,