Condition based spare parts supply

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

Condition based spare parts supply

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

Faculty of Engineering Technology

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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 language	English
Place of Publication	Eindhoven
Publisher	BETA Research Institute
Number of pages	28
Publication status	Published - 2012

Publication series

Name	Beta working paper series
Publisher	BETA Research Institute
No.	371

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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.

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http://beta.ieis.tue.nl/node/1994