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The Classification of Criticality for Spare Parts by Applying the Ratio of Production Lost Cost to Spare Parts Inventory Cost
| Content Provider | Semantic Scholar |
|---|---|
| Author | Wongmongkolrit, Sakon Rassameethes, Bordin Laohakul, Kulnatee |
| Copyright Year | 2016 |
| Abstract | This study is mainly focused on finding the ratio between opportunity cost and spare parts inventory cost. Implicitly, the opportunity cost is represented by cost of production lost or loss in opportunity to make profits from reducing in production capacity when machine is in maintenance, while inventory cost is the cost of having some parts as spares in inventory system for ensuring these parts will not be shortage. The main aim is to generate the ratio of production lost cost comparing against inventory cost. This ratio is the boundary or demarcation line between the criticality (or not) of spare part, or can be significantly represented as an indication index to be used for classifying Original Research Article |
| Starting Page | 1 |
| Ending Page | 9 |
| Page Count | 9 |
| File Format | PDF HTM / HTML |
| DOI | 10.9734/bjast/2016/22097 |
| Volume Number | 13 |
| Alternate Webpage(s) | http://www.sdiarticle2.org/prh/BJAST_5/2015/Revised-ms_BJAST_22097_v1.pdf |
| Alternate Webpage(s) | https://doi.org/10.9734/bjast%2F2016%2F22097 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
