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Periodic Review Model for Determining Inventory Policy for Aircraft Consumable Spare Parts
Azizah Aisyati, Wakhid Ahmad Jauhari, Cucuk Nur Rosyidi
Pages - 41 - 51 | Revised - 10-05-2014 | Published - 15-06-2014
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KEYWORDS
Inventory, Spare Part, Periodic Review, ABC Method.
ABSTRACT
This research is conducted to develop inventory policy of aircraft consumable spare parts which are needed on aircraft maintenance activity . In this research, we used periodic review model to determine the optimal policy of aircraft spare parts inventory. By using the periodic review model, we find optimal period of inventory review and maximum level of inventory. The optimal decision is determined based on the minimum total cost. We have classified consumable spare parts using ABC method to categorize them based on their dollar contribution and demand frequency. Therefore in this research, we focus on managing the inventory level for spare parts on class C. The result from this study shows that the proposed periodic review policy result in lower total inventory cost compared the the company policy. The proposed policy gives an average saving 35.38 %.
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Miss Azizah Aisyati
Industrial Engineering Department, Sebelas Maret University - Indonesia
aisyati@yahoo.com
Mr. Wakhid Ahmad Jauhari
Industrial Engineering Department, Sebelas Maret University - Indonesia
Dr. Cucuk Nur Rosyidi
Industrial Engineering Department, Sebelas Maret University - Indonesia
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