Karim, Rubayet; Nakade, Koichi - In: Journal of industrial engineering and management : JIEM 14 (2021) 2, pp. 87-119
Purpose: Managing the inventory of spare parts is very difficult because of the stochastic nature of part's demand. Also, only controlling the inventory of the spare part is not enough; instead, the supply chain of the spare part needs to be managed efficiently. Moreover, every organization now...