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ABSTRACT The mining industry should sustain mass and continuous production with an essential contribution of high-capacity machinery. Therefore, spare parts inventory management is vital in ensuring the intended mining production… Click to show full abstract
ABSTRACT The mining industry should sustain mass and continuous production with an essential contribution of high-capacity machinery. Therefore, spare parts inventory management is vital in ensuring the intended mining production rate as an integral part of maintenance policies. In this paper, a mixed-integer model is presented to solve a multi-item and multi-supplier spare parts inventory model. This model is addressed to a lubricating oil inventory problem in one of the biggest multi-process mining companies in Turkey. The optimisation results show that the company’s current lubricating oil inventory policy can be improved financially by yielding an annual saving up to ₺18,566.
Journal Title: International Journal of Mining, Reclamation and Environment
Year Published: 2021
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