Determination Inventory Level for Aircraft Spare Parts Using Continuous Review Model

Azizah Aisyati (), Wakhid Ahmad Jauhari () and Cucuk Nur Rosyidi ()
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Azizah Aisyati: Department of Industrial Engineering Sebelas Maret University Jl. Ir Sutami 36A, Surakarta, Indonesia
Wakhid Ahmad Jauhari: Department of Industrial Engineering Sebelas Maret University Jl. Ir Sutami 36A, Surakarta, Indonesia
Cucuk Nur Rosyidi: Department of Industrial Engineering Sebelas Maret University Jl. Ir Sutami 36A, Surakarta, Indonesia

International Journal of Business Research and Management (IJBRM), 2013, vol. 4, issue 1, 1-12

Abstract: In this paper, we determine ordering quantity and reorder point for aircraft consumable spare parts. We use continuous review model to propose a spare part inventory policy that can be used in a aircraft maintenance company in Indonesia. We employ ABC classification system to categorize the spare parts based on their dollar contribution. We focus our research on managing the inventory level for spare parts on class A and B which commonly known as important classes. The result from the research indicates that the continuous review policy gives a significant amount of saving compared to an existing policy used by the company.

Keywords: Inventory; Continuous Review; Order Quantity; Reorder Point; ABC Classification System (search for similar items in EconPapers)
JEL-codes: M0 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aml:intbrm:v:4:y:2013:i:1:p:1-12

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