Template-Type: ReDIF-Paper 1.0
Author-Name: Dekker, R.
Author-Name-Last: Dekker
Author-Name-First: Rommert
Author-Person: pde16
Author-Name: Kleijn, M.J.
Author-Name-Last: Kleijn
Author-Name-First: Marcel
Author-Name: de Rooij, P.J.
Author-Name-Last: de Rooij
Title: A spare parts stocking policy based on equipment criticality
Abstract: Demand for spare parts can sometimes be classified into critical and non-critical demand, depending on the criticality of the equipment in which it is installed. To effectively handle this situation in spare parts inventory control, we propose a stocking policy where some of the stock is reserved for critical demand. For Poisson demand and a lot-for-lot stocking policy with positive replenishment leadtime, approximations of the service levels for both classes of demand are derived, and verified by simulation. Finally, a numerical example is presented to illustrate the advantages of using the proposed policy.
Creation-Date: 1996-01-01
Series: RePEc:ems:eureir
Number: EI 9625-/A
Keywords: demand classes, equipment criticality, inventory control, spare parts
Handle: RePEc:ems:eureir:1384