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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doi.org/10.1016/j.ejor.2006.11.008, hdl.handle.net/1765/13636
ERIM Top-Core Articles
European Journal of Operational Research
Erasmus Research Institute of Management

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