http://hdl.handle.net/1765/13636
http://dx.doi.org/10.1016/j.ejor.2006.11.008
scopus: cited 27 times
web of science: cited 26 times
http://dx.doi.org/10.1016/j.ejor.2006.11.008
scopus: cited 27 times
web of science: cited 26 times
An inventory control system for spare parts at a refinery: An empirical comparison of different re-order point methods
January 2008
Article
volume 184, issue 1 pp 101-132.
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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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