Optimization of the lubricating oil inventory policy applied in a mining company
| Autor: | Ismail Serdar Bakal, Sena Şenses, Onur Gölbaşı |
|---|---|
| Přispěvatelé: | OpenMETU |
| Rok vydání: | 2021 |
| Předmět: |
Spare parts inventory policy
operating cost 0211 other engineering and technologies Geology ComputerApplications_COMPUTERSINOTHERSYSTEMS 02 engineering and technology Geotechnical Engineering and Engineering Geology Manufacturing engineering Continuous production mining equipment Inventory management Mining industry sensitivity analysis mixed-integer optimisation programming Management of Technology and Innovation Spare part Business Operating cost 021102 mining & metallurgy 021101 geological & geomatics engineering Earth-Surface Processes |
| Popis: | The mining industry should sustain mass and continuous production with an essential contribution of high-capacity machinery. Therefore, spare parts inventory management is vital in ensuring the intended mining production rate as an integral part of maintenance policies. In this paper, a mixed-integer model is presented to solve a multi-item and multi-supplier spare parts inventory model. This model is addressed to a lubricating oil inventory problem in one of the biggest multi-process mining companies in Turkey. The optimisation results show that the company’s current lubricating oil inventory policy can be improved financially by yielding an annual saving up to ₺18,566. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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