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

Orlando Duran, Irene Roda, Marco Macchi

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 by TCO 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.


Keywords


Spare Parts, Total Costs of Ownership, Life Cycle, Assets Management;

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DOI: http://dx.doi.org/10.3926/jiem.2083


Creative Commons License

This work is licensed under a Creative Commons Attribution 3.0 Unported License

Journal of Industrial Engineering and Management, 2008-2017

Online ISSN: 2013-0953; Print ISSN: 2013-8423; Online DL: B-28744-2008

Publisher: OmniaScience