Strijbosch, L.W.G.; Heuts, R.M.J.; van der Schoot, E.H.M. - Tilburg University, Center for Economic Research - 1998
This paper examines the performance of two different (s,Q) inventory models for spare parts in a production plant of confectionery in The Netherlands, a simple and an advanced model. The simple approach is more or less standard: undershoot of the reorder level is not taken into account, the...