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Asset management optimization for repairable spare parts


Asset management optimization for repairable spare parts

ITC Infotech undertook work to optimize inventory keeping in complex asset intensive industries. By combining simulation, machine learning, and optimization, they demonstrated effective asset management and inventory optimization for rotable/repairable spares that balances service levels and inventory costs.

See how Kumar Sumit and his team at ITC Infotech used OptQuest optimization, Python, decision tree machine learning, and AnyLogic for repairables asset management optimization.

What's New in AnyLogic 7? Flexible resource management


What's New in AnyLogic 7? Flexible resource management

The fourth edition of the “What’s New in AnyLogic 7?” blog will take a closer look into the improvements of flexible resource management. The unnatural difference between “regular” and network based resources have been eliminated during, what the AnyLogic development team and seasoned users call, “The Great Merge.” “The Great Merge” is best depicted by the following scheme, which shows how agents, active objects, entities and resource units now all act as agents with their own behavior.