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OR in spare parts management: A review

Qiwei Hu, John E. Boylan, Huijing Chen and Ashraf Labib

European Journal of Operational Research, 2018, vol. 266, issue 2, 395-414

Abstract: Spare parts are held to reduce the consequences of equipment downtime, playing an important role in achieving the desired equipment availability at a minimum economic cost. In this paper, a framework for OR in spare parts management is presented, based on the product lifecycle process and including the objectives, main tasks, and OR disciplines for supporting spare parts management. Based on the framework, a systematic literature review of OR in spare parts management is undertaken, and then a comprehensive investigation of each OR discipline's contribution is given. The gap between theory and practice of spare parts management is investigated from the perspective of software integration, maintenance management information systems and adoption of new OR methods in software. Finally, as the result of this review, an extended version of the framework is proposed and a set of future research directions is discussed.

Keywords: Inventory; Spare parts management; Operational research (OR) (search for similar items in EconPapers)
Date: 2018
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European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati

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Handle: RePEc:eee:ejores:v:266:y:2018:i:2:p:395-414