Simulation-based analysis of inventory levels for low demand spare parts in a cooperative inventory pooling-system

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Abstract

Due to their systemic relevance, a high availability of intralogistics systems is crucial. This requires the stockpiling of capital-intensive spare parts. Strategies are therefore needed to reduce the severe capital commitment for spare parts management. No practical recommendations and solutions for this problem are available however. This contribution describes strategies and procedures for a cooperative inventory pooling-system and our model of a simulation-based analysis of inventory levels for low demand spare parts in these systems. We determine that companies can gain benefits and greatly lower their inventory level and associated costs when cooperating in spare parts management. Furthermore, we investigated effects of changing network compositions while cooperating over time.

Original languageEnglish
Title of host publication18th International Conference on Modeling and Applied Simulation, MAS 2019
EditorsAgostino G. Bruzzone, Fabio De Felice, Luis Miguel Silva Dias, Marina Massei, Adriano Solis
PublisherDime University of Genoa
Pages72-78
Number of pages7
ISBN (Electronic)9788885741300
DOIs
StatePublished - 2019
Event18th International Conference on Modeling and Applied Simulation, MAS 2019 - Lisbon, Portugal
Duration: 18 Sep 201920 Sep 2019

Publication series

Name18th International Conference on Modeling and Applied Simulation, MAS 2019

Conference

Conference18th International Conference on Modeling and Applied Simulation, MAS 2019
Country/TerritoryPortugal
CityLisbon
Period18/09/1920/09/19

Keywords

  • Cooperative inventory-pooling
  • Discrete event simulation
  • Inventory optimization
  • Spare parts management

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