Abstract
This paper proposes the development of an optimization model for spare parts management during the life cycle of a physical asset. The main characteristic of the proposed model is that it is based on the principles of Activity Based Costing (ABC). The aim of this model is to allow decision makers to perform an optimal inventory policy and the correspondent parameter definitions for a series of spare parts. The model is optimized through the use of a Genetic Algorithm. A hypothetical case study is presented and discussed.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
