Porras Musalem, E. and Dekker, R. (2008). An inventory control system for spare parts at a refinery: An empirical comparison of different re-order point methods European Journal of Operational Research, 184(1):101--132.
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Affiliated author
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Publication year2008
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JournalEuropean Journal of Operational Research
Inventory control of spare parts is essential to many organizations, since excess inventory leads to high holding costs and stock outs can have a great impact on operations performance. This paper compares different re-order point methods for effective spare parts inventory control, motivated by a case study at a large oil refinery. Different demand modeling techniques and inventory policies are evaluated using real data