Spare-Part Optimization Modeling for a Mixed Multi-Echelon Inventory System
Jian Zhao, Xin Liang Jiang, Xiang Long Ni
Abstract
Jian Zhao, Xin Liang Jiang, Xiang Long Ni
Abstract
Spare inventory optimization is one of the important problems for a maintenance facility to repair equipment in a high efficiency and low cost manner. In this paper, a model is developed to solve the problem of spare parts decision for complex system maintenance with mixed multi-echelon spare inventory. Spare parts are categorized into three types in terms of number of inventory echelon. Spare support availability and costs are analyzed respectively for each type.
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Spare inventory optimization is one of the important problems for a maintenance facility to repair equipment in a high efficiency and low cost manner. In this paper, a model is developed to solve the problem of spare parts decision for complex system maintenance with mixed multi-echelon spare inventory. Spare parts are categorized into three types in terms of number of inventory echelon. Spare support availability and costs are analyzed respectively for each type.
Key concepts: Spare part, Inventory theory, Inventory cost, Reliability engineering, Operations research, Computer science, Operations management, Engineering