Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/188560 
Year of Publication: 
2013
Citation: 
[Journal:] Journal of Industrial Engineering and Management (JIEM) [ISSN:] 2013-0953 [Volume:] 6 [Issue:] 3 [Publisher:] OmniaScience [Place:] Barcelona [Year:] 2013 [Pages:] 771-778
Publisher: 
OmniaScience, Barcelona
Abstract: 
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 and Originality/value: 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.
Subjects: 
inventory management
airline industry
ABC classification
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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