2014Advanced materials researchOpen access

Spare-Part Optimization Modeling for a Mixed Multi-Echelon Inventory System

Jian Zhao, Xin Liang Jiang, Xiang Long Ni

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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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What this paper is about

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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Available 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.

Key concepts: Spare part, Inventory theory, Inventory cost, Reliability engineering, Operations research, Computer science, Operations management, Engineering

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