The Dexterity Management for Medical Spare Parts Archives

Approximate dynamic programming for management of high-value spare parts

Purpose – An aircraft manufacturer faces the problem of allocating inventory to a set of distributed warehouses in response to random, nonstationary demands. There is particular interest in managing high value, low volume spare parts which must be available to respond to low-frequency demands in the form of random failures of major components. The aircraft fleet is young and in expansion. In ad...

Theory of Spare Parts Inventory Management for Production Equipment

This article presents theoretical basis of spare parts inventory management in manufacturing company. Basis definitions, allocation and differences in spare parts inventory management were compared with other manufacturing inventories. The issue of spare parts inventory management is emphasized in aspect of maintaining continuity of production and generated costs of maintaining inventory.

On spare parts optimization

In the book “Optimal inventory modeling of systems: multi-echelon techniques” the author Craig Sherbrooke, who has developed several important model in this area, describes a part of the model cosidered in this manuscript as follows (in “aircraft language”): “When a malfunction is diagnosed on an aircraft, the malfuncioning item is removed from the aircraft and brought into base supply. If a sp...

Driving Aftermarket Value: Upgrade Spare Parts Supply Chain Deloitte China Auto Industry Spare Parts Management Benchmark Survey White Paper

Spare Parts Inventory Management with Substitution-Dependent Reliability

Motivated to apply sustainable supply chain principles to air-pollution control systems, this paper presents a dynamic inventory-management approach where substitution is possible to maintain these systems’ equipment. An air-pollution control system’s subsequent reliability depends on the replacement equipment selected. The corresponding problem is formulated as a stochastic dynamic program. Be...