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A model for spare parts stock management using Markov chains

In this study, we propose a model for a management stock system of spare parts using Markov chains. We compare this method with a conventional simulation showing that both methods are equivalent. In addition, we propose heuristics to find the system parameters based on the properties of Markov Chains and graphics related to the costs implied in the stock management of spare parts.

Spare parts; Inventory management; Markov chains


Universidade Federal de São Carlos Departamento de Engenharia de Produção , Caixa Postal 676 , 13.565-905 São Carlos SP Brazil, Tel.: +55 16 3351 8471 - São Carlos - SP - Brazil
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