Spare parts demand: linking forecasting to equipment maintenance
Wang, W and Syntetos, A 2011, 'Spare parts demand: linking forecasting to equipment maintenance' , Transportation Research Part E Logistics and Transportation Review, 47 (6) , pp. 1194-1209.
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Demand for spare parts is typically intermittent and forecasting the relevant requirements constitutes a very challenging exercise. Why is the demand for spare parts intermittent and how can we use models developed in maintenance research to forecast such demand? We attempt to answer these questions; we present a novel idea to forecast demand that relies upon the very sources of the demand generation process and we compare it with a wellknown time-series method. We conclude that maintenance driven models are associated with a better performance under certain conditions. We also outline an inter-disciplinary agenda for further research in this area.
|Themes:||Subjects outside of the University Themes|
|Schools:||Colleges and Schools > College of Business & Law > Salford Business School > Operations and Global Logistics Management|
|Journal or Publication Title:||Transportation Research Part E Logistics and Transportation Review|
|Funders:||EPSRC: EP/G006075/1, EPSRC: EP/G023042/1, EPSRC: EP/F038526/1|
|Depositing User:||Professor Aris Syntetos|
|Date Deposited:||14 Oct 2011 10:20|
|Last Modified:||13 Mar 2013 11:26|
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