Condition based spare parts supply

X. Lin, Robertus Johannes Ida Basten, A.A. Kranenburg, Geert-Jan van Houtum

Research output: Book/ReportReportProfessional

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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
Original languageEnglish
Place of PublicationEindhoven
PublisherBETA Research Institute
Number of pages28
Publication statusPublished - 2012

Publication series

NameBeta working paper series
PublisherBETA Research Institute
No.371

Fingerprint

Markov processes
Degradation

Keywords

  • METIS-287730
  • IR-79847

Cite this

Lin, X., Basten, R. J. I., Kranenburg, A. A., & van Houtum, G-J. (2012). Condition based spare parts supply. (Beta working paper series; No. 371). Eindhoven: BETA Research Institute.
Lin, X. ; Basten, Robertus Johannes Ida ; Kranenburg, A.A. ; van Houtum, Geert-Jan. / Condition based spare parts supply. Eindhoven : BETA Research Institute, 2012. 28 p. (Beta working paper series; 371).
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Lin, X, Basten, RJI, Kranenburg, AA & van Houtum, G-J 2012, Condition based spare parts supply. Beta working paper series, no. 371, BETA Research Institute, Eindhoven.

Condition based spare parts supply. / Lin, X.; Basten, Robertus Johannes Ida; Kranenburg, A.A.; van Houtum, Geert-Jan.

Eindhoven : BETA Research Institute, 2012. 28 p. (Beta working paper series; No. 371).

Research output: Book/ReportReportProfessional

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AU - van Houtum, Geert-Jan

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Lin X, Basten RJI, Kranenburg AA, van Houtum G-J. Condition based spare parts supply. Eindhoven: BETA Research Institute, 2012. 28 p. (Beta working paper series; 371).