2016
DOI: 10.3926/jiem.2083
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Linking the spare parts management with the total costs of ownership: An agenda for future research

Abstract: 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 … Show more

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Cited by 11 publications
(6 citation statements)
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“…, 2018). It plays a significant role in decision making of various operations in supply chain involving initial provisioning, inventory policy and end-of-life acquisition (Duran et al. , 2016a, b).…”
Section: Detailed Analysis Of Literaturementioning
confidence: 99%
“…, 2018). It plays a significant role in decision making of various operations in supply chain involving initial provisioning, inventory policy and end-of-life acquisition (Duran et al. , 2016a, b).…”
Section: Detailed Analysis Of Literaturementioning
confidence: 99%
“…First, the intermittent demand pattern for spare parts is common. They are characterized by sequences of zero-demand observations interspersed with occasional non-zero demands (Duran, Roda, & Macchi, 2016). Spare parts management is likely to provide refurbished spare parts for maintenance purposes and ensure the availability of equipment during its life cycle at optimum cost, at the time of its need (Sarmah & Moharana, 2015).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Typically, the related literature on SPM has been focused on these aspects but addressing them separately. Even so, it is possible to find related papers that integrate different aspects of SPM highlighting the relationships between them (Huiskonen, 2001;Cavalieri et al, 2008;Boylan and Syntetos, 2010;Martin et al, 2010;Wagner et al, 2012;Roda et al, 2014;Driessen et al, 2015;Durán et al, 2016, Hu, et al, 2017. Moreover, some of these papers highlight the relevance of considering more holistic and multidisciplinary approaches as an opportunity to improve the SPM performance (Huiskonen, 2001;Martin, et al, 2010).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Despite its strong relevance, classification is still an open discussion, and a wide variety of approaches and techniques can be found on the related literature (Braglia, et al, 2004;Roda, et al, 2014). The selection of the proper ICP to manage the SPs is a critical decision for SPM (Roda et al, 2014;Durán et al, 2016).…”
Section: Literature Reviewmentioning
confidence: 99%