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A heuristic to minimize the inventory value of repairable parts with service constraints: application to an airline company

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A heuristic to minimize the inventory value of repairable parts with service constraints: application to an airline company

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dc.contributor.author Cardós, Manuel es_ES
dc.contributor.author Babiloni, Eugenia es_ES
dc.contributor.author Palmer Gato, Marta Elena es_ES
dc.contributor.author Guijarro Tarradellas, Ester es_ES
dc.date.accessioned 2014-12-16T12:05:39Z
dc.date.available 2014-12-16T12:05:39Z
dc.date.issued 2013
dc.identifier.issn 2013-8423
dc.identifier.uri http://hdl.handle.net/10251/45497
dc.description.abstract [EN] Purpose: This paper focuses on the improvement of the inventory management of repairable parts of the airline company Air Nostrum. The company uses a common sales replacement policy to manage their repairable parts and the same target fill rate for every item. This target is very high in order to assure a high availability of the aircrafts, dealing also to a high inventory value. Design/methodology/approach: However, this paper shows that an alternative heuristic approach outperforms the previous one terms of inventory value while fulfilling the target fill rate. Findings: This improvement is illustrated with an extensive and real dataset and may lead to a significant inventory reduction. Originality/value: Therefore, a company can design its inventory policies applying this heuristic focused on inventory reduction with a service level constraint instead of the usual cost optimization or service level fulfillment. es_ES
dc.description.sponsorship UPV/PAID06-11/2022
dc.language Inglés es_ES
dc.publisher OmniaScience es_ES
dc.relation Project supported by the Universitat Politècnica de València, Ref. PAID- 06-11/2022 es_ES
dc.relation.ispartof Journal of Industrial Engineering and Management es_ES
dc.rights Reconocimiento - No comercial (by-nc) es_ES
dc.subject Inventory management es_ES
dc.subject Airline industry es_ES
dc.subject ABC classification es_ES
dc.subject.classification ORGANIZACION DE EMPRESAS es_ES
dc.title A heuristic to minimize the inventory value of repairable parts with service constraints: application to an airline company es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.3926/jiem.564
dc.rights.accessRights Abierto es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Organización de Empresas - Departament d'Organització d'Empreses es_ES
dc.description.bibliographicCitation Cardós, M.; Babiloni, E.; Palmer Gato, ME.; Guijarro Tarradellas, E. (2013). A heuristic to minimize the inventory value of repairable parts with service constraints: application to an airline company. Journal of Industrial Engineering and Management. 3(6):771-778. doi:10.3926/jiem.564 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion http://dx.doi.org/10.3926/jiem.564 es_ES
dc.description.upvformatpinicio 771 es_ES
dc.description.upvformatpfin 778 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 3 es_ES
dc.description.issue 6 es_ES
dc.relation.senia 246417
dc.identifier.eissn 2013-0953
dc.contributor.funder Universitat Politècnica de València


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