Abstract
The issue of supplying spare parts for the aviation remains highly relevant. It is necessary to select the mathematical apparatus and the type of corresponding models to match unique demand and supply of the industry. The aim of this paper is to determine to what extent the traditional inventory management models are applicable in the aviation industry and whether managers have specific instruction to select the most appropriate among them. To date, numerous reports and studies have been published on the management of stocks of components and spare parts. Among the most studied of the presented methods, it is worth highlighting those based on newsvendor, order-up-to, min-max, reorder-point order-quantity, and economic order quantity. These policies were less studied in the aviation context, and this study contributes to the respective field by discussion of the difficulty in application of the textbook models in the industry.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Al-Momani, H., Al Meanazel, O.T., Kwaldeh, E., Alaween, A., Khasaleh, A., Qamar, A.: The efficiency of using a tailored inventory management system in the military aviation industry. Heliyon 6(7), 1–10 (2020). https://doi.org/10.1016/j.heliyon.2020.e04424
Basten, R.J.I., van Houtum, G.J.: System-oriented inventory models for spare parts. Surv. Oper. Res. Manag. Sci. 19(1), 34–55 (2014). https://doi.org/10.1016/j.sorms.2014.05.002
Bounou, O., El Barkany, A., El Biyaali, A.: Inventory models for spare parts management: a review. Int. J. Eng. Res. Afr. 28, 182–198 (2017). https://doi.org/10.4028/www.scientific.net/JERA.28.182
Boylan, J.E., Syntetos, A.A.: Spare parts management: a review of forecasting research and extensions. IMA J. Manag. Math. 21(3), 227–237 (2010). https://doi.org/10.1093/imaman/dpp016
Bussmann, J., Shmidt, T., Bauer, A.: Proactive event management in the supply chain of aircraft spare parts. In: Strategies and Tactics in Supply Chain Event Management (2008)
Deutsche Lufthansa AG: Lufthansa group annual report 2020, Cologne (2021)
FAA: Inventory Management Guide (2012)
Hu, Q., Boylan, J.E., Chen, H., Labib, A.: OR in spare parts management: a review. Eur. J. Oper. Res. 266(2), 395–414 (2018). https://doi.org/10.1016/j.ejor.2017.07.058
IATA: Best Practices for component maintenance cost management, 2nd edn. Montreal-Geneva (2015)
IATA: Guidance material and best practices for inventory management, 2nd edn. Montreal-Geneva (2015)
IATA Airline Maintenance Cost: Executive Commentary (FY2019 data). Maintenance Cost Task Force (2021)
Kennedy, W.J., Patterson, J.W., Fredendall, L.D.: An overview of recent literature on spare parts inventories. Int. J. Prod. Econ. 76(2), 201–215 (2002). https://doi.org/10.1016/S0925-5273(01)00174-8
Kenzhevayeva, Z., et al.: Inventory control models for spare parts in aviation logistics. Procedia Manuf. 55, 507–512 (2021). https://doi.org/10.1016/j.promfg.2021.10.069
La Banca, F.: Inventory and purchasing optimization through utilization of systematic asset valuation. Lufthansa Technik Group IATA – Maintenance Cost Conference (2018)
Pierobon, M. Taking stock: Importance of valuable inventory of aircraft parts. Aviation Business News (2019)
Schwarz, L.B.: The economic order-quantity (EOQ) model. Build. Intuit. 115, 135–154 (2008). https://doi.org/10.1007/978-0-387-73699-0_8
Zhang, S., Huang, K., Yuan, Y.: Spare parts inventory management: a literature review. Sustainability 13(5), 2460 (2021). https://doi.org/10.3390/su13052460
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Kharlov, A., Tolujevs, J., Ovezmyradov, B. (2024). Suitability of Inventory Policies for Supply of Spare Parts in Aviation Industry. In: Kabashkin, I., Yatskiv, I., Prentkovskis, O. (eds) Reliability and Statistics in Transportation and Communication. RelStat 2023. Lecture Notes in Networks and Systems, vol 913. Springer, Cham. https://doi.org/10.1007/978-3-031-53598-7_18
Download citation
DOI: https://doi.org/10.1007/978-3-031-53598-7_18
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-53597-0
Online ISBN: 978-3-031-53598-7
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)