Condition based spare parts supply

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Condition based spare parts supply

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 efficient on average than a standard, state-independent base stock policy. We further...

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ژورنال

عنوان ژورنال: Reliability Engineering & System Safety

سال: 2017

ISSN: 0951-8320

DOI: 10.1016/j.ress.2017.05.035