Spares Modeling

Inventory management is one of the core elements of logistics. Either way, too little inventory or too much, the penalties can be severe. The premium for positive inventory management can be substantial.
This seminar describes the methods and algorithms for optimal stockage policies.

Please See: Schedule, Sparing Methods (Seminar in March 2003)

The Speaker, Mr. Shane Targett is a well recognized authority for spares optimisation.
The algorithms and the models are based on mathematical equations, but they are veryfied and approved by practical researches and field tests over many years in different projects. Details can be read in Dr. Craig Sherbrooke´s book:
"Optimal Inventory Modeling of Systems" .