Spare parts management for irregular demand items

Francesco Costantino, Giulio Di Gravio, Riccardo Patriarca and Lea Petrella

Omega, 2018, vol. 81, issue C, 57-66

Abstract: Inventory optimization of high-value spare parts may generate a significant reduction of cost to allow a better allocation of resources in maintenance management. Sherbrooke's METRIC (Multi Echelon Technique for Recoverable Item Control) is the most common method to define an overall optimization process adopting a system-approach. Its main assumption consists of adopting a Poisson distribution to describe the demand pattern of the items. However, many studies proved that in high-availability systems, high-cost spare parts often follow irregular demand patterns, with very frequent zero-demand values.

Keywords: Inventory management; Logistic; Intermittent demand; Lumpy demand; Zero-inflated model (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0305048316309161
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jomega:v:81:y:2018:i:c:p:57-66

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.omega.2017.09.009

Access Statistics for this article

Omega is currently edited by B. Lev

More articles in Omega from Elsevier
Bibliographic data for series maintained by Catherine Liu ().