@book{9dc6b5bcb63740ef88fbc85ddc128087,
title = "Condition based spare parts supply",
abstract = "We consider a spare parts stock point that serves an installed base of machines. Each machine contains the same critical component, whose degradation behavior is described by a Markov process. We consider condition based spare parts supply, and show that an optimal, condition based inventory policy is 20\% more e cient on average than a standard, state-independent base stock policy. We further propose an e cient and e ective heuristic policy",
keywords = "METIS-287730, IR-79847",
author = "X. Lin and Basten, \{Robertus Johannes Ida\} and A.A. Kranenburg and \{van Houtum\}, Geert-Jan",
note = "NUR 804 ",
year = "2012",
language = "English",
series = "Beta working paper series",
publisher = "BETA Research Institute",
number = "371",
}