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

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Keywords inventory control, re-order points, service levels, spare parts
Persistent URL dx.doi.org/10.1016/j.ejor.2006.11.008, hdl.handle.net/1765/13636
Citation
Porras Musalem, E., & Dekker, R.. (2008). An inventory control system for spare parts at a refinery: An empirical comparison of different re-order point methods. European Journal of Operational Research, 184(1), 101–132. doi:10.1016/j.ejor.2006.11.008