IDEAS home Printed from https://ideas.repec.org/a/ids/ijores/v9y2010i1p39-64.html
   My bibliography  Save this article

Modelling the spare parts stock levels and its applications in industrial systems

Author

Listed:
  • Maurizio Faccio
  • Alessandro Persona
  • Hoang Pham
  • Alberto Regattieri

Abstract

This paper addresses a practical decision making by developing an innovative inventory and transportation cost model to determine the optimum number of the spare parts and its location in the warehouses subject to run-in, random and usage failure inside a maintenance network. The spare parts slow moving items inventory management is a complex problem. The demand is sporadic and difficult to forecast, the utilisation is specific, the part economic value is high, the failure causes system downtime costs and normally this complexity is compensated by overestimated the part inventories. The proposed procedure can be used to determine the spare parts stock level and allows to minimise a function cost sum of aggregate inventory costs and downtime production plant costs caused by the parts failure and transportation from the storage areas to the user or machines failed. Four real case studies from different industrial application projects are illustrated in order to demonstrate how to apply the proposed model into real world applications. The results and findings from such industrial applications are found useful to engineers and managers in industry.

Suggested Citation

  • Maurizio Faccio & Alessandro Persona & Hoang Pham & Alberto Regattieri, 2010. "Modelling the spare parts stock levels and its applications in industrial systems," International Journal of Operational Research, Inderscience Enterprises Ltd, vol. 9(1), pages 39-64.
    • Handle: RePEc:ids:ijores:v:9:y:2010:i:1:p:39-64
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=34360
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

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

    Citations

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


    Cited by:

    1. Regattieri, A. & Giazzi, A. & Gamberi, M. & Gamberini, R., 2015. "An innovative method to optimize the maintenance policies in an aircraft: General framework and case study," Journal of Air Transport Management, Elsevier, vol. 44, pages 8-20.

    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:ids:ijores:v:9:y:2010:i:1:p:39-64. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=170 .

    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.