Value of Information Sharing in Inventory Management of Maintenance Spare Parts

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This study uses the system dynamics tool Vensim to conduct simulation on two different types of maintenance spare parts information sharing models (i.e. the inter-user joint maintenance spare parts management model and the supplier-involved joint maintenance spare parts management model) as well as the spare parts management model without the implementation of information sharing. By comparing the change of revenues of both the supply and the demand sides before and after the implementation of information sharing, as well as under different information sharing models, we propose the optimal way of information sharing, and also contribute managerial implications for the implementation of information sharing in maintenance spare parts inventory management.