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A method of spare parts inventory planning

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  • Bartakke, MN

Abstract

A mathematical and simulation technique is discussed to obtain integer (s*, S) solutions for a group of part numbers at spares stocking locations. The technique utilizes cost function based on stochastic integer (s, S) inventory model formulation. The results are successfully implemented to plan several million dollars of spares inventory and to plan multi-echelon initial spares provisioning in the field.

Suggested Citation

  • Bartakke, MN, 1981. "A method of spare parts inventory planning," Omega, Elsevier, vol. 9(1), pages 51-58.
    • Handle: RePEc:eee:jomega:v:9:y:1981:i:1:p:51-58
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