An approach to optimization of spare parts cost in a multilevel maintenance system by introducing repairable modules into maintenance policy: S. Muzdeka, S. Kostic, D. Danilovic and V. Arandjelovic. Proc. CNET Conference on Reliability and Maintainability, Tregastel, France, p. 345 (8–12 September 1980)

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.