Critical spare parts ordering decisions using conditional reliability and stochastic lead time

@article{Godoy2013CriticalSP,
  title={Critical spare parts ordering decisions using conditional reliability and stochastic lead time},
  author={David R. Godoy and Rodrigo Pascual and Peter Knights},
  journal={Rel. Eng. & Sys. Safety},
  year={2013},
  volume={119},
  pages={199-206}
}
Asset-intensive companies face great pressure to reduce operation costs and increase utilization. This scenario often leads to over-stress on critical equipment and its spare parts associated, affecting availability, reliability, and system performance. As these resources impact considerably on financial and operational structures, the opportunity is given by demand for decision-making methods for the management of spare parts processes. We proposed an ordering decision-aid technique which uses… CONTINUE READING

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