Research of Passenger Train Spare Parts Procurement Model
Since government functions are separated from enterprise management of China railway, 18 railway administrations merged into several subsidiary companies, and the railway company will pay more attention to the efficiency and service quality to improve their own competitiveness. Therefore, inventory management is one part of the railway enterprise management, and it is particularly important to optimize the inventory management of spare parts, to ensure that the spare parts are of high turnover rates and lower operating costs for the subsidiary railway companies. But the theories and models on this aspect are still blank, so this article is mainly focused on the railway passenger train spare parts inventory.
KeywordsPassenger train The inventory management Spare parts procurement model Continuous random storage model
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