Name
Title | ||
|---|---|---|
An inventory control system for spare parts at a refinery: An empirical comparison of different re-order point methods |
Abstract | ||
|---|---|---|
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. |
Year | DOI | Venue |
|---|---|---|
2008 | 10.1016/j.ejor.2006.11.008 | European Journal of Operational Research |
Keywords | Field | DocType |
Spare parts,Inventory control,Re-order points,Demand classes,Service levels | Empirical comparison,Service level,Spare part,Inventory theory,Holding cost,Inventory control,Refinery,Operations management,Mathematics,Oil refinery | Journal |
Volume | Issue | ISSN |
184 | 1 | 0377-2217 |
Citations | PageRank | References |
27 | 1.99 | 5 |
Authors | ||
2 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Eric Porras | 1 | 41 | 3.79 |
| Rommert Dekker | 2 | 763 | 101.60 |