IDEAS home Printed from https://ideas.repec.org/a/eee/reensy/v168y2017icp240-248.html
   My bibliography  Save this article

Condition based spare parts supply

Author

Listed:
  • Lin, X.
  • Basten, R.J.I.
  • Kranenburg, A.A.
  • van Houtum, G.J.

Abstract

We consider a spare parts stock point that serves an installed base of machines. Each machine contains the same critical component, whose degradation behavior is described by a Markov process. We consider condition based spare parts supply, and show that an optimal, condition based inventory policy is 20% more efficient on average than a standard, state-independent base stock policy. We further propose an efficient and effective heuristic policy.

Suggested Citation

  • Lin, X. & Basten, R.J.I. & Kranenburg, A.A. & van Houtum, G.J., 2017. "Condition based spare parts supply," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 240-248.
    • Handle: RePEc:eee:reensy:v:168:y:2017:i:c:p:240-248
    DOI: 10.1016/j.ress.2017.05.035
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S095183201630309X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ress.2017.05.035?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Zhaoqiang Wang & Changhua Hu & Wenbin Wang & Xiangyu Kong & Wei Zhang, 2015. "A prognostics-based spare part ordering and system replacement policy for a deteriorating system subjected to a random lead time," International Journal of Production Research, Taylor & Francis Journals, vol. 53(15), pages 4511-4527, August.
    2. Brian Downs & Richard Metters & John Semple, 2001. "Managing Inventory with Multiple Products, Lags in Delivery, Resource Constraints, and Lost Sales: A Mathematical Programming Approach," Management Science, INFORMS, vol. 47(3), pages 464-479, March.
    3. Bijvank, Marco & Vis, Iris F.A., 2011. "Lost-sales inventory theory: A review," European Journal of Operational Research, Elsevier, vol. 215(1), pages 1-13, November.
    4. Si, Xiao-Sheng & Wang, Wenbin & Hu, Chang-Hua & Zhou, Dong-Hua, 2011. "Remaining useful life estimation - A review on the statistical data driven approaches," European Journal of Operational Research, Elsevier, vol. 213(1), pages 1-14, August.
    5. Bjarnason, Erik T.S. & Taghipour, Sharareh & Banjevic, Dragan, 2014. "Joint optimal inspection and inventory for a k-out-of-n system," Reliability Engineering and System Safety, Elsevier, vol. 131(C), pages 203-215.
    6. Jing-Sheng Song & Paul Zipkin, 1993. "Inventory Control in a Fluctuating Demand Environment," Operations Research, INFORMS, vol. 41(2), pages 351-370, April.
    7. Wang, Ling & Chu, Jian & Mao, Weijie, 2009. "A condition-based replacement and spare provisioning policy for deteriorating systems with uncertain deterioration to failure," European Journal of Operational Research, Elsevier, vol. 194(1), pages 184-205, April.
    8. Massimiliano Giorgio & Maurizio Guida & Gianpaolo Pulcini, 2011. "An age- and state-dependent Markov model for degradation processes," IISE Transactions, Taylor & Francis Journals, vol. 43(9), pages 621-632.
    9. Alaswad, Suzan & Xiang, Yisha, 2017. "A review on condition-based maintenance optimization models for stochastically deteriorating system," Reliability Engineering and System Safety, Elsevier, vol. 157(C), pages 54-63.
    10. G. J. Feeney & C. C. Sherbrooke, 1966. "The (S - 1, S) Inventory Policy Under Compound Poisson Demand," Management Science, INFORMS, vol. 12(5), pages 391-411, January.
    11. Wang, Wenbin, 2011. "A joint spare part and maintenance inspection optimisation model using the Delay-Time concept," Reliability Engineering and System Safety, Elsevier, vol. 96(11), pages 1535-1541.
    12. Van Horenbeek, Adriaan & Buré, Jasmine & Cattrysse, Dirk & Pintelon, Liliane & Vansteenwegen, Pieter, 2013. "Joint maintenance and inventory optimization systems: A review," International Journal of Production Economics, Elsevier, vol. 143(2), pages 499-508.
    13. Vinayak Deshpande & Ananth V. Iyer & Richard Cho, 2006. "Efficient Supply Chain Management at the U.S. Coast Guard Using Part-Age Dependent Supply Replenishment Policies," Operations Research, INFORMS, vol. 54(6), pages 1028-1040, December.
    14. Thomas E. Morton, 1971. "The Near-Myopic Nature of the Lagged-Proportional-Cost Inventory Problem with Lost Sales," Operations Research, INFORMS, vol. 19(7), pages 1708-1716, December.
    15. Rema Hariharan & Paul Zipkin, 1995. "Customer-Order Information, Leadtimes, and Inventories," Management Science, INFORMS, vol. 41(10), pages 1599-1607, October.
    16. Paul Zipkin, 2008. "On the Structure of Lost-Sales Inventory Models," Operations Research, INFORMS, vol. 56(4), pages 937-944, August.
    17. Olde Keizer, Minou C.A. & Flapper, Simme Douwe P. & Teunter, Ruud H., 2017. "Condition-based maintenance policies for systems with multiple dependent components: A review," European Journal of Operational Research, Elsevier, vol. 261(2), pages 405-420.
    18. Bijvank, Marco & Johansen, Søren Glud, 2012. "Periodic review lost-sales inventory models with compound Poisson demand and constant lead times of any length," European Journal of Operational Research, Elsevier, vol. 220(1), pages 106-114.
    19. Paul Zipkin, 2008. "Old and New Methods for Lost-Sales Inventory Systems," Operations Research, INFORMS, vol. 56(5), pages 1256-1263, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhu, Sha & Jaarsveld, Willem van & Dekker, Rommert, 2020. "Spare parts inventory control based on maintenance planning," Reliability Engineering and System Safety, Elsevier, vol. 193(C).
    2. Turan, Hasan Hüseyin & Atmis, Mahir & Kosanoglu, Fuat & Elsawah, Sondoss & Ryan, Michael J., 2020. "A risk-averse simulation-based approach for a joint optimization of workforce capacity, spare part stocks and scheduling priorities in maintenance planning," Reliability Engineering and System Safety, Elsevier, vol. 204(C).
    3. Feng, Haofang & Zhang, Sheng Hao & Zhang, Yong, 2023. "Managing production-inventory-maintenance systems with condition monitoring," European Journal of Operational Research, Elsevier, vol. 310(2), pages 698-711.
    4. Zheng, Meimei & Lin, Jie & Xia, Tangbin & Liu, Yu & Pan, Ershun, 2023. "Joint condition-based maintenance and spare provisioning policy for a K-out-of-N system with failures during inspection intervals," European Journal of Operational Research, Elsevier, vol. 308(3), pages 1220-1232.
    5. Wu, Shaomin & Do, Phuc, 2017. "Editorial," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 1-3.
    6. Zheng, Meimei & Ye, Hongqing & Wang, Dong & Pan, Ershun, 2021. "Joint Optimization of Condition-Based Maintenance and Spare Parts Orders for Multi-Unit Systems with Dual Sourcing," Reliability Engineering and System Safety, Elsevier, vol. 210(C).
    7. Van der Auweraer, Sarah & Zhu, Sha & Boute, Robert N., 2021. "The value of installed base information for spare part inventory control," International Journal of Production Economics, Elsevier, vol. 239(C).
    8. KarabaÄŸ, Oktay & Eruguz, Ayse Sena & Basten, Rob, 2020. "Integrated optimization of maintenance interventions and spare part selection for a partially observable multi-component system," Reliability Engineering and System Safety, Elsevier, vol. 200(C).
    9. Topan, E. & Eruguz, A.S. & Ma, W. & van der Heijden, M.C. & Dekker, R., 2020. "A review of operational spare parts service logistics in service control towers," European Journal of Operational Research, Elsevier, vol. 282(2), pages 401-414.
    10. Zhang, Xiaohong & Liao, Haitao & Zeng, Jianchao & Shi, Guannan & Zhao, Bing, 2021. "Optimal Condition-based Opportunistic Maintenance and Spare Parts Provisioning for a Two-unit System using a State Space Partitioning Approach," Reliability Engineering and System Safety, Elsevier, vol. 209(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xiaoming Li, 2015. "Optimal Policies and Bounds for Stochastic Inventory Systems with Lost Sales," Journal of Optimization Theory and Applications, Springer, vol. 164(1), pages 359-375, January.
    2. de Jonge, Bram & Scarf, Philip A., 2020. "A review on maintenance optimization," European Journal of Operational Research, Elsevier, vol. 285(3), pages 805-824.
    3. KarabaÄŸ, Oktay & Eruguz, Ayse Sena & Basten, Rob, 2020. "Integrated optimization of maintenance interventions and spare part selection for a partially observable multi-component system," Reliability Engineering and System Safety, Elsevier, vol. 200(C).
    4. Liu, Xinbao & Yang, Tianji & Pei, Jun & Liao, Haitao & Pohl, Edward A., 2019. "Replacement and inventory control for a multi-customer product service system with decreasing replacement costs," European Journal of Operational Research, Elsevier, vol. 273(2), pages 561-574.
    5. Zheng, Meimei & Lin, Jie & Xia, Tangbin & Liu, Yu & Pan, Ershun, 2023. "Joint condition-based maintenance and spare provisioning policy for a K-out-of-N system with failures during inspection intervals," European Journal of Operational Research, Elsevier, vol. 308(3), pages 1220-1232.
    6. Yanyi Xu & Sang-Phil Kim & Arnab Bisi & Maqbool Dada & Suresh Chand, 2018. "Base-Stock Models for Lost Sales: A Markovian Approach," Purdue University Economics Working Papers 1305, Purdue University, Department of Economics.
    7. Bijvank, Marco & Vis, Iris F.A., 2011. "Lost-sales inventory theory: A review," European Journal of Operational Research, Elsevier, vol. 215(1), pages 1-13, November.
    8. Bendre, Abhijit Bhagwan & Nielsen, Lars Relund, 2013. "Inventory control in a lost-sales setting with information about supply lead times," International Journal of Production Economics, Elsevier, vol. 142(2), pages 324-331.
    9. Zhang, Xiaohong & Zeng, Jianchao, 2017. "Joint optimization of condition-based opportunistic maintenance and spare parts provisioning policy in multiunit systems," European Journal of Operational Research, Elsevier, vol. 262(2), pages 479-498.
    10. Bijvank, Marco & Johansen, Søren Glud, 2012. "Periodic review lost-sales inventory models with compound Poisson demand and constant lead times of any length," European Journal of Operational Research, Elsevier, vol. 220(1), pages 106-114.
    11. Manuel Cardós & Ester Guijarro & Eugenia Babiloni, 2017. "On the estimation of on-hand stocks for base-stock policies and lost sales systems and its impact on service measures," International Journal of Production Research, Taylor & Francis Journals, vol. 55(16), pages 4680-4694, August.
    12. Bijvank, Marco & Bhulai, Sandjai & Tim Huh, Woonghee, 2015. "Parametric replenishment policies for inventory systems with lost sales and fixed order cost," European Journal of Operational Research, Elsevier, vol. 241(2), pages 381-390.
    13. Woonghee Tim Huh & Ganesh Janakiraman & John A. Muckstadt & Paat Rusmevichientong, 2009. "An Adaptive Algorithm for Finding the Optimal Base-Stock Policy in Lost Sales Inventory Systems with Censored Demand," Mathematics of Operations Research, INFORMS, vol. 34(2), pages 397-416, May.
    14. Zhu, Sha & Jaarsveld, Willem van & Dekker, Rommert, 2020. "Spare parts inventory control based on maintenance planning," Reliability Engineering and System Safety, Elsevier, vol. 193(C).
    15. Poppe, Joeri & Basten, Rob J.I. & Boute, Robert N. & Lambrecht, Marc R., 2017. "Numerical study of inventory management under various maintenance policies," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 262-273.
    16. Kouki, Chaaben & Babai, M. Zied & Jemai, Zied & Minner, Stefan, 2019. "Solution procedures for lost sales base-stock inventory systems with compound Poisson demand," International Journal of Production Economics, Elsevier, vol. 209(C), pages 172-182.
    17. Sleptchenko, Andrei & van der Heijden, Matthieu, 2016. "Joint optimization of redundancy level and spare part inventories," Reliability Engineering and System Safety, Elsevier, vol. 153(C), pages 64-74.
    18. Petchrompo, Sanyapong & Parlikad, Ajith Kumar, 2019. "A review of asset management literature on multi-asset systems," Reliability Engineering and System Safety, Elsevier, vol. 181(C), pages 181-201.
    19. Panagiotidou, Sofia, 2014. "Joint optimization of spare parts ordering and maintenance policies for multiple identical items subject to silent failures," European Journal of Operational Research, Elsevier, vol. 235(1), pages 300-314.
    20. Bijvank, Marco & Vis, Iris F.A., 2012. "Lost-sales inventory systems with a service level criterion," European Journal of Operational Research, Elsevier, vol. 220(3), pages 610-618.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:reensy:v:168:y:2017:i:c:p:240-248. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/reliability-engineering-and-system-safety .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.