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Current Events in Business Research

RES/351

Current Events in Business Research

Introduction: This paper will describe the business research process of an article that I have chosen that is close to the area of management within a business that I will be using. I have chosen the article “Optimal spares and preventive maintenance frequencies for constrained industrial systems” P. Lynch 2013, to assess the research process used. Also, I will be discussing how the research is solving the problem. Finally I will identify other potential applications using business research.

The research Problem: This case study is about the spare parts for maintenance, and it tries to give an explanation thru research for how a genetic algorithm can be made to make a model of what types of spare parts you will need with an accurate inventory. I find this article very interesting because this is one my problems at work that I’m trying to tackle. And giving an analogical approach to resolve my issue could be useful. This will be a great chance to practice my new skills in research. The Research Process Used: The research used a problem definition to clearly examine the problems that the research will help avoid or correct. The research has an outlined proposal has to how the problem could be resolved by using the genetic algorithm. I feel that the research was performed with high ethical standards to achieve the final results. The limitations are clearly defined with the setup issues that are needed to complete the genetic algorithm and the fact that this is a base line that will need adjustment from time to time. The Analysis needed to define the issues is really common knowledge but the instructions to establish the genetic code is laid out with a systematic approach to achieve. The findings are somewhat favorable to the direction the authors are wanting to

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