On the optimization of maintenance storage cost in industry: a fuzzy-logic application

Jean Khalil, Ashraf Labib

    Research output: Contribution to journalArticlepeer-review

    40 Downloads (Pure)

    Abstract

    Purpose: The purpose of this paper is to construct a fuzzy logic model that acts as a decision support system to minimize inventory-related costs in the field of industrial maintenance. Achieving a balance between the unavailability and over-storage of spare parts is a problem with potentially significant consequences. That significance increases proportionally with the ever-increasing challenge of reducing overall cost. Either scenario can result in substantial financial losses because of the interruption of production or the costs of tied-up capital, also called the “solidification of capital.” Moreover, there is that additional problem of the expiry of parts on the shelf.

    Design/methodology/approach: The proposed approach relies on inputs from experts with consideration for incompleteness and inaccuracy. Two levels of decision are considered simultaneously. The first is whether a part should be stored or ordered when needed. The second involves comparing suppliers with their batch-size offers based on user-determined criteria. A mathematical model is developed in parallel for validation.

    Findings: The results indicate that the fuzzy logic approach is accurate and satisfactory for this application and that it is advantageous because of its limited sensitivity to the inaccuracy and/or incompleteness of data. In addition, the approach is practical because it requires minimal user effort.

    Originality/value: To the best of the authors’ knowledge, the exploitation of fuzzy-logic altogether with limited sensitivity experts' inputs were never combined for the solution of this particular problem; however, this approach's positive impact is expected to be highly significant in solving a chronic problem in industry.
    Original languageEnglish
    Number of pages20
    JournalInternational Journal of Quality & Reliability Management
    Early online date31 May 2021
    DOIs
    Publication statusEarly online - 31 May 2021

    Keywords

    • Fuzzy logic modeling
    • Decision Support Systems
    • Industrial Maintenance
    • Cost Optimization
    • maintenance engineering

    Fingerprint

    Dive into the research topics of 'On the optimization of maintenance storage cost in industry: a fuzzy-logic application'. Together they form a unique fingerprint.

    Cite this