Enhancement of Intermittent Demands in Forecasting for Spare Parts Industry

Forecasting Intermittent Demand for Spare Parts

Croston (1972) [2] presented an idea and method to separate ordinary exponential smoothing in two parts;In the time between demand, or withdrawals, and demand size. The idea with the modification in Levén and Segerstedt (2004) [3] is that time between demand and demand size is not independent. But this modification has shown poor results. Therefore Wallström and Segerstedt (2010) [8] suggest an...

Optimizing Spare Parts Inventory in Shipping Industry

The paper aims at proposing a criterion to optimize the initial level of spare parts inventory for a ship. Adequate stockholding of critical spare parts becomes essential in naval industry characterized by heavy utilization of equipment and machinery and by really specific operating conditions. Generic approaches are inadequate and specific ones result in analysis too shallow. An application fo...

Demand Forecasting Model of Port Critical Spare Parts

Demand forecasting for port critical spare parts (CSP) is notoriously difficult as it is expensive, lumpy and intermittent with high variability. In this paper, some influential factors which have an effect on CSP consumption were proposed according to port CSP characteristics and historical data. And analytic hierarchy process (AHP) is used to sieve out the more influential factors. Combined w...

Initial Electronic Spare Parts Stock and Consumption Forecasting

There is a consensus that conventional continuous demand distribution methods are not appropriate for forecasting replacement parts. However, many forecasting tools available in market still use them. This work presents an application of the Poisson distribution to forecast the needs of electronic spare parts. Using basic stock management notions and usual concepts of reliability, availability ...

Driving Aftermarket Value: Upgrade Spare Parts Supply Chain Deloitte China Auto Industry Spare Parts Management Benchmark Survey White Paper