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This book focuses on the tactical planning level for spare parts management. It describes a series of multi-item inventory models and presents exact and heuristic optimization methods, including greedy heuristics that work well for real, life-sized problems. The intended audience consists of graduate students, starting scholars in the field of spare parts inventory control, and spare parts planning specialists in the industry. In individual chapters the authors consider topics including: a basic single-location model; single-location models with multiple machine types and/or machine groups; the multi-location model with lateral transshipments; the classical METRIC model and its generalization to multi-indenture systems; and a single-location model with an explicit modeling of the repair capacity for failed parts and the priorities that one can set there. Various chapters of the book are used in a master course at Eindhoven University of Technology and in a PhD course of the Graduate Program Operations Management and Logistics (a Dutch network that organizes PhD courses in the field of OM&L). The required pre-knowledge consists of probability theory and basic knowledge of Markov processes and queuing theory.  End-of-chapter problems appear for all chapters, with some answers appearing in an appendix.

Economics/Management Science. --- Production/Logistics/Supply Chain Management. --- Engineering Economics, Organization, Logistics, Marketing. --- Operation Research/Decision Theory. --- Operating Procedures, Materials Treatment. --- Quality Control, Reliability, Safety and Risk. --- Economics. --- Engineering economy. --- System safety. --- Structural control (Engineering). --- Operations research. --- Economie politique --- Décision économique, prise de --- Sécurité des systèmes --- Contrôle des structures (Ingénierie) --- Recherche opérationnelle --- Management --- Business & Economics --- Management Theory --- Inventory control. --- Spare parts. --- Components, Repair --- Parts, Spare --- Repair components --- Repair parts --- Control, Inventory --- Inventory management --- Stock control --- Business. --- Production management. --- Decision making. --- Engineering economics. --- Quality control. --- Reliability. --- Industrial safety. --- Industrial engineering. --- Business and Management. --- Operations Management. --- Machine parts --- Maintenance --- Business logistics --- Physical distribution of goods --- Production control --- Inventories --- Equipment and supplies --- Manufactures. --- Operations Research/Decision Theory. --- Manufacturing, Machines, Tools, Processes. --- Safety, System --- Safety of systems --- Systems safety --- Accidents --- Industrial safety --- Systems engineering --- Manufactured goods --- Manufactured products --- Products --- Products, Manufactured --- Commercial products --- Manufacturing industries --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Economy, Engineering --- Engineering economics --- Manufacturing management --- Industrial management --- Prevention --- Industrial accidents --- Industries --- Job safety --- Occupational hazards, Prevention of --- Occupational health and safety --- Occupational safety and health --- Prevention of industrial accidents --- Prevention of occupational hazards --- Safety, Industrial --- Safety engineering --- Safety measures --- Safety of workers --- System safety --- Dependability --- Trustworthiness --- Conduct of life --- Factory management --- Reliability (Engineering) --- Sampling (Statistics) --- Standardization --- Quality assurance --- Quality of products --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Choice (Psychology) --- Problem solving --- Decision making