Wang, Wenbin - In: European Journal of Operational Research 216 (2012) 1, pp. 127-139
the availability of spare parts. This paper presents the joint optimisation for both the inventory control of the spare … are difficult to predict based on historical data of past spare parts usages, and therefore, the optimal inventory control … and order quantity. Because of the random nature of plant failures, stochastic cost models for spare parts inventory and …