Linking the spare parts management with the total costs of ownership: An agenda for future research

ORLANDO MAURICIO DURAN ACEVEDO, Irene Roda, Marco Macchi

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

Purpose: This manuscript explores the link between Spare Parts Management and Total Costs of Ownership or Life Cycle Costs (LCC). Design/methodology/approach: First, this work enumerates the different managerial decisions instances in spare parts management that are present during the life cycle of a physical asset. Second, we analyse how those decision instances could affect the TCO of a physical asset (from the economic point of view). Finally, we propose a conceptual framework for incorporating the spare parts management into a TCO model. Findings: The recent literature lacks discussions on the integration of spare parts management with the Total Costs of Ownership (TCO). Based in an extensive literature revision we can declare that the computation of costs related to spare parts management has been neglected byTCO models. Originality/value: The contribution of this paper is twofold. First, a literature review and identification of a series of spare parts management decision instances and its relationship with TCOs is presented in this paper. Second, a conceptual framework is suggested for linking those decisions instances to a total cost of ownership perspective. Some research questions and future research challenges are presented at the end of this work.

Original languageEnglish
Pages (from-to)991-1002
Number of pages12
JournalJournal of Industrial Engineering and Management
Volume9
Issue number5
DOIs
StatePublished - 1 Jan 2016

Keywords

  • Assets management
  • Life cycle
  • Spare parts
  • Total costs of ownership

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