An inventory control system for spare parts at a refinery: An empirical comparison of different re-order point methods

E Porras Musalem, Rommert Dekker

Research output: Contribution to journalArticleAcademicpeer-review

128 Citations (Scopus)

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
Original languageEnglish
Pages (from-to)101-132
Number of pages32
JournalEuropean Journal of Operational Research
Volume184
Issue number1
DOIs
Publication statusPublished - 2008

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