A Life Cycle Cost Framework for the management of spare parts

Carpentieri, Maria; GuglielminiJr, Anthony Nick; Mangione, Francesco

doi:10.1007/978-1-84628-935-4_82

Cited by 4 publications

(2 citation statements)

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“…They highlighted that an optimized strategy in spare management can decrease the operational costs. Carpintieri, Guglielmini and Mangione (2007) presented a simplified LCC model which integrates some spare parts management aspects. That work proposes the use of a simulation model from which the demand behavior could be extracted and used as an input for a TCO model.…”

Section: Literature Reviewmentioning

confidence: 99%

Linking the spare parts management with the total costs of ownership: An agenda for future research

Durán

Roda

Macchi

2016

JIEM

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Abstract:Purpose: This manuscript explores the link between Spare Parts Management and Total Costs of Ownership or Life Cycle Costs (LCC).Design/methodology/approach: First, this work enumerates the different managerial decisions instances in spare parts management that are present during the life cycle of a physical asset. Second, we analyse how those decision instances could affect the TCO of a physical asset (from the economic point of view). Finally, we propose a conceptual framework for incorporating the spare parts management into a TCO model. Findings:The recent literature lacks discussions on the integration of spare parts management with the Total Costs of Ownership (TCO). Based in an extensive literature revision we can declare that the computation of costs related to spare parts management has been neglected by TCO models. Originality/value:The contribution of this paper is twofold. First, a literature review and identification of a series of spare parts management decision instances and its relationship with TCOs is presented in this paper. Second, a conceptual framework is suggested for linking those -991-Journal of Industrial Engineering and Management -http://dx.doi.org/10.3926/jiem.2083 decisions instances to a total cost of ownership perspective. Some research questions and future research challenges are presented at the end of this work.

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Section: Literature Reviewmentioning

confidence: 99%

Linking the spare parts management with the total costs of ownership: An agenda for future research

Durán

Roda

Macchi

2016

JIEM

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“…In Carpentieri et al (2007) a simplified life cycle cost (LCC) model which integrates spare parts issues is proposed. In that work, the authors suggested the application of a simulation study to estimate the average monthly consumption rate of the mechanical and electronic components used by a production line.…”

Section: Literature Review On Tco Models Andmentioning

confidence: 99%

On the relationship of spare parts inventory policies with Total Cost of Ownership of industrial assets

2016

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This work presents the results of a simulation study aimed at characterizing the relationship of spare parts inventory policies with Total Cost of Ownership of industrial plants. The study is motivated by the expectation that several spare parts management decisions cause important effects in the long-term profitability of industrial assets. Such decisions may regard, amongst the others, the initial provisioning, the inventory policy and the end-of-life acquisition. This work adopts simulation to test a specific spare parts inventory policy, i.e. a continuous review system, with the final purpose to assess its effects on the operational performance of an industrial comminution plant and, consequently, on its Total Cost of Ownership.

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An Intelligent System Supporting a Forklifts Maintenance Process

Antosz

Stadnicka

2017

Advances in Intelligent Systems and Computing

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A Life Cycle Cost Framework for the management of spare parts

Cited by 4 publications

References 4 publications

Linking the spare parts management with the total costs of ownership: An agenda for future research

Linking the spare parts management with the total costs of ownership: An agenda for future research

On the relationship of spare parts inventory policies with Total Cost of Ownership of industrial assets

An Intelligent System Supporting a Forklifts Maintenance Process

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