Inventory control of spare parts using a Bayesian approach: a case study.

DOI10.1016/S0377-2217(02)00837-8MaRDI QIDQ1420456zbMATH OpenFDO

Authors Kostas-Platon Aronis, Ioulia Magou, George Tagaras, Rommert Dekker

Publication date 2 February 2004

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://repub.eur.nl/pub/1622/feweco19991222095719.pdf

zbMATH Keywords

Base stock systemsBayesian analysisCase studyInventorySpare parts

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Case-oriented studies in operations research (90B90)

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• On the performance of binomial and beta-binomial models of demand forecasting for multiple slow-moving inventory items
• An empirical Bayes approach to incorporating demand intermittency and irregularity into inventory control
• SERVICE LEVEL ANALYSIS OF (S - 1, S) INVENTORY POLICY FOR NEGATIVE BINOMIAL DISTRIBUTED FAILURES
• Bayesian degradation modelling for spare parts inventory management
• Optimal redesign decisions through failure rate estimates
• Explainable AI for operational research: a defining framework, methods, applications, and a research agenda
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