Case Study : Reliability Analysis for Inventory Management for Repair Parts Based on Purchase Record  
Author Hyun-Jong Park


Co-Author(s) Si-Il Sung


Abstract This paper focuses on the appropriate inventory management of repair parts to increase the operational availability of production equipment. In practice, many small and medium-sized companies face limitations in establishing an appropriate database for the maintenance. To address this issue, this paper introduces an approach that utilizes purchase records based on Monte-Carlo simulation. By using purchase records, it is possible to obtain a much larger amount of failure information than what is available from maintenance records, which can then be used to help the inventory management.


Keywords reliability centered maintenance, reliability analysis, purchase record, inventory management
    Article #:  RQD28-190

Proceedings of 28th ISSAT International Conference on Reliability & Quality in Design
August 3-5, 2023