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An Adaptive Alarm Method for Tool Condition Monitoring Based on Probability Density Functions Estimated with the Parzen Window Read chapter Read first chapter

2015 | OriginalPaper | Chapter

A Support System for Selecting the Most Suitable Spare Parts Strategy

Authors : Pablo Viveros, Christopher Nikulin, Adolfo Crespo, René Tapia, Raúl Stegmaier, Edward Johns, Fredy Kristjanpoller

Published in: Engineering Asset Management - Systems, Professional Practices and Certification

Publisher: Springer International Publishing

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Abstract

This paper reports an algorithm to create a decision support system for the most suitable spare parts strategy. It is developed based on risk and cost analysis. The algorithm decision support system makers includes information about the possible scenarios in the maintenance field; moreover, this information is useful to support future strategies, helping to decide the number of the spare parts necessary to increase at the maximum process/equipment availability rate. In this task, the algorithm is based on risk analysis considering two main aspects. The first, related to success and failure probabilities is estimated through Poisson distribution; the second one is related to the expected total cost, considering: storage costs, capital tie-up costs, repair costs, purchase order costs (normal and emergency), opportunity costs, and others.

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Metadata
Title
A Support System for Selecting the Most Suitable Spare Parts Strategy
Authors
Pablo Viveros
Christopher Nikulin
Adolfo Crespo
René Tapia
Raúl Stegmaier
Edward Johns
Fredy Kristjanpoller
Copyright Year
2015
Book
Engineering Asset Management - Systems, Professional Practices and Certification

Print ISBN: 978-3-319-09506-6

Electronic ISBN: 978-3-319-09507-3

Copyright Year: 2015

DOI
https://doi.org/10.1007/978-3-319-09507-3_3