Integrating reliability centered maintenance and spare parts stock control

In the classical approach to determine how many spare parts to stock, the spare parts shortage costs or the minimum fill rate are a key factor. A difficulty with this approach lies in the estimation of these shortage costs or the determination of appropriate minimum fill rates. In an attempt to overcome this problem, we propose to use the data gathered in reliability centered maintenance studies to determine shortage costs. We discuss advantages of this approach. At the same time, the approach gives rise to complications, as the RCM study determines downtime costs of the underlying equipment, which have a complex relation with the shortage cost for spare parts in case multiple pieces of equipment have different downtime costs. A further complication is redundancy in the equipment. We propose a method to determine minimum stock quantities that is able to cope with these complications.