Preliminary communication

Multicriteria inventory model for spare parts

Mladen Bošnjaković ; University of applied science Slavonski Brod, Dr. Mile Budaka 1, 35000 Slavonski Brod, Croatia

Abstract

Inventory control of spare parts is essential to many organizations. Excess inventory leads to high holding costs and a large commitment of funds. In the other hand stock outs can have a great impact on production or service. The paper proposes a methodology for spare parts inventory control applying multicriteria inventory model. It is based on ranking and classifying the spare parts in groups according to similar attributes. Each group of spares, depending on attributes of
the spares that belong to it, joins the appropriate inventory policy model and forecasting demand model.

Keywords

inventory control; multicriteria inventory model; spare part

Hrčak ID:

62926

URI

https://hrcak.srce.hr/62926

Publication date:

31.12.2010.

Article data in other languages: croatian

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