DocumentCode :
2607594
Title :
A methodology to determine the cost of spare part for choosing the best mode of shipment
Author :
Gigloo, D. Tavaghof ; Shafia, M.A.
Author_Institution :
Iran Univ. of Sci. & Technol., Tehran
fYear :
2007
fDate :
2-4 Dec. 2007
Firstpage :
282
Lastpage :
286
Abstract :
Many companies face the challenge of keeping on stock large inventories of spare parts (SP) & bearing excessive holding & obsolescence costs. Thus, for them, the effective cost analysis can be an important tool to evaluate the effects of stock control decisions related to SP. This paper proposes a methodology for reducing the imposed costs. In order to enable the company to predict the demand level through an experimental algorithm, it presents a case study in the real world for calculating the price of each SP before its purchase. Choosing the optimum mode of shipment for variety of SP to be ordered, is the final intention of this research report.
Keywords :
cost reduction; decision making; maintenance engineering; order processing; transportation; cost reduction; effective cost analysis; inventory control; order processing; purchasing; shipment; spare part cost; stock control decision; Automobile manufacture; Cost function; Disaster management; Filling; Industrial engineering; Insurance; Inventory control; Inventory management; Shipbuilding industry; Transportation; SP; cost analysis; cost price; modes of shipment;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Industrial Engineering and Engineering Management, 2007 IEEE International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4244-1529-8
Electronic_ISBN :
978-1-4244-1529-8
Type :
conf
DOI :
10.1109/IEEM.2007.4419196
Filename :
4419196
Link To Document :
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