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

E Porras Musalem; Rommert Dekker

doi:10.1016/j.ejor.2006.11.008

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 journal › Article › Academic › peer-review

144 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 language	English
Pages (from-to)	101-132
Number of pages	32
Journal	European Journal of Operational Research
Volume	184
Issue number	1
DOIs	https://doi.org/10.1016/j.ejor.2006.11.008
Publication status	Published - 2008

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EUR ESE 31

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10.1016/j.ejor.2006.11.008

http://hdl.handle.net/1765/13636

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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",

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AB - 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

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DO - 10.1016/j.ejor.2006.11.008

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

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