@inproceedings{38cae689f83d48fcb37a95dd5c961d33,
title = "Exploring the Role of Simulation in a Performance-based System with Aging Spare-parts",
abstract = "The growing interest in adopting performance-based contracts for complex and capital-intensive equipment makes it critical to invest in solutions capable of providing reliable recommendations. Discrete-event simulation (DES) offers versatile solutions and improvements to performance-based logistics (PBL) via the capability to model complex systems under realistic and dynamic conditions. In this work, we study a complex-two fleet system with the addition of a 'deterioration' factor to the spare parts used to service under PBL contracts. The results emphasize planning the basic stock level to fulfill during the contract duration and counter any negative impact of deteriorating spare parts during the end-of-life (EOL) of the PBL system.",
keywords = "Aging spare-parts, Availability, Discrete-event simulation, Performance-based contract, Repairable system",
author = "Abdulqader Alkaf and Raja Jayaraman",
note = "Funding Information: This publication is based upon work supported by the Khalifa University of Science and Technology under Award No. RCII-2019-002, Center for Digital Supply Chain and Operations Management. Publisher Copyright: {\textcopyright} 2022 IISE Annual Conference and Expo 2022. All rights reserved.; IISE Annual Conference and Expo 2022 ; Conference date: 21-05-2022 Through 24-05-2022",
year = "2022",
language = "British English",
series = "IISE Annual Conference and Expo 2022",
editor = "K. Ellis and W. Ferrell and J. Knapp",
booktitle = "IISE Annual Conference and Expo 2022",
}