Trimp, M.E.; Sinnema, S.M.; Dekker, R.; Teunter, R.H. - Erasmus University Rotterdam, Econometric Institute - 2004
Control of spare parts is very difficult as demands can be very low (once in a few years is no exception), while the consequences of a stockout can be severe. While in the past many companies choose to have very large spares inventories, one now observe trends in areas with good transportation...