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Management of the Spare Parts Storage in the Production Process Using the Monte Carlo Method Cover

Management of the Spare Parts Storage in the Production Process Using the Monte Carlo Method

By: Paweł Ślaski  
Open Access
|Oct 2019

Abstract

The article presents the methodology of controlling stock of spare parts during short-run production of current equipment. A pseudo-random number generator has been developed, whose main task is to estimate the expected value E (Y) of the random variable Y which is the number of exchanges of a spare part of a particular equipment. By means of a Monte Carlo computer simulation, pseudo-random numbers are generated with a uniform distribution from the interval (0.1). These numbers, based on the cumulative distribution inversion method, are transformed into a form of distribution that uniquely determines the optimal size of spare parts

Language: English
Page range: 261 - 267
Submitted on: Mar 25, 2019
Accepted on: May 14, 2019
Published on: Oct 8, 2019
Published by: Quality and Production Managers Association
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2019 Paweł Ślaski, published by Quality and Production Managers Association
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.