Spare Parts Inventory Control under System Availability Constraints Geert-Jan van Houtum and Bram Kranenburg is an English-language textbook about spare parts inventory and parts inventory control. It focuses on tactical planning problems within spare parts inventory management, with an emphasis on system availability constraints.
This book addresses multi-item inventory models and combines exact and heuristic optimization techniques, such as greedy heuristics that are applicable to realistic and large-scale situations. The authors discuss, among other things, single-location models, multi-location systems with lateral transshipments, and the METRIC model with extensions to multi-indenture systems. Explicit modeling of repair capacity and priorities is also covered.
The content is particularly suitable for graduate students, researchers, and specialists who work on parts inventory control and spare parts planning in industry. The book requires prior knowledge of probability theory, Markov processes, and queueing theory. In several chapters, practice problems are addressed, some of which have answers in an appendix.
The title aligns with fields such as Management of Specific Industries, Engineering, and BUSINESS & ECONOMICS / Production & Operations Management.
Series: International Series in Operations Research & Management Science