Joint Optimization of Maintenance and Spare Part Inventory Policies

Bayındır Z. P., Bülbül P., Bakal İ. S.

20th Conference of the International Federation of Operational Research Societies, Barcelona, Spain, 13 - 18 July 2014, pp.139

  • Publication Type: Conference Paper / Summary Text
  • City: Barcelona
  • Country: Spain
  • Page Numbers: pp.139
  • Middle East Technical University Affiliated: Yes

Abstract

Joint Optimization of Maintenance and Spare Part Inventory

Policies

Z. Pelin Bayindir, Pinar Bulbul, Ismail Serdar Bakal

In this study, we consider maintenance planning and spare part inventory

planning problem simultaneously. Our main focus is the joint

optimization of preventive replacement and spare part inventory management.

We propose an exact dynamic programming algorithm and

several heuristics for a finite planning horizon situation. In a computational

study the heuristics are compared against the optimal solutions.