Template-Type: ReDIF-Paper 1.0
Author-Name: Zhu, S.
Author-Name-Last: Zhu
Author-Name-First: Sha
Author-Name: van Jaarsveld, W.L.
Author-Name-Last: van Jaarsveld
Author-Name-First: Willem
Author-Name: Dekker, R.
Author-Name-Last: Dekker
Author-Name-First: Rommert
Author-Person: pde16
Title: Spare Parts Inventory Control based on Maintenance Planning
Abstract: For many maintenance organizations, on-condition maintenance tasks are the most important source
 of spare part demand. An uneven distribution of maintenance tasks over time is an important cause
 for intermittency in spare parts demand, and this intermittency complicates spare parts inventory
 control severely. In an attempt to partially overcome these complications, we propose to use the
 maintenance plan, i.e. the planned maintenance tasks, as a source of advance demand information.
 We propose a simple forecasting mechanism to estimate the spare part demand distribution based
 on the maintenance plan, and develop a dynamic inventory control method based on these forecasts.
 The value of this approach is benchmarked against state-of-the art time series forecast methods,
 using data from two large maintenance organizations. We find that the proposed method can yield
 cost savings of 23 to 51% compared to the traditional methods.
Length: 24
Creation-Date: 2019-01-21
File-URL: https://repub.eur.nl/pub/114791/EI2019-02.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI2019-02
Keywords: Spare parts forecasting, spare parts inventory control, maintenance planning
Handle: RePEc:ems:eureir:114791