Sakon Wongmongkolrit

The Classification of Criticality for Spare Parts by Applying the Ratio of Production Lost Cost to Spare Parts Inventory Cost

Sakon Wongmongkolrit, Bordin Rassameethes & Kulnatee Laohakul · Current Journal of Applied Science and Technology · 2015

This study is mainly focused on finding the ratio between opportunity cost and spare parts inventory cost. Implicitly, the opportunity cost is represented by cost of production lost or loss in opportunity to make profits from reducing in production capacity when machine is in mai...