Title

A Multiobjective Modeling Approach For Joint Maintenance And Spare Parts Inventory Policy Optimization

Keywords

Evolutionary algorithms; Maintenance; Multiobjective optimization; Spare parts inventories

Abstract

The effective management of spare parts inventories remains a challenge for many organizations. The failure of a part can cause high downtime costs if spares are not available. However, maintaining high spares inventories often results in increased inventory costs. The main function of spare parts inventories is to support maintenance activities; consequently, spare part inventory policies and maintenance policies are highly interrelated. In this paper, we present a multiobjective formulation for joint maintenance and spare parts inventory policy optimization for a single-part, two-echelon inventory system with a single supplier and n customers.

Publication Date

12-1-2007

Publication Title

IIE Annual Conference and Expo 2007 - Industrial Engineering's Critical Role in a Flat World - Conference Proceedings

Number of Pages

1740-1745

Document Type

Article; Proceedings Paper

Personal Identifier

scopus

Socpus ID

44949104397 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/44949104397

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