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Demand Forecasting of Equipment Spare Parts

Xiaomin Ren

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Abstract

Demand forecasting of equipment spare parts is an important part of equipment management;it is the foundation of inventory management.Precise demand prediction can make an important influence on the establishment of spare part inventory strategy and the construction of inventory models.The difficulty is increased as the demand of spare part is in random.Through analysis of the method on prediction of spare part article demand,it gives a reference on the establishment of spare part inventory strategy.

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What this paper is about

Demand forecasting of equipment spare parts is an important part of equipment management;it is the foundation of inventory management.Precise demand prediction can make an important influence on the establishment of spare part inventory strategy and the construction of inventory models.The difficulty is increased as the demand of spare part is in random.Through analysis of the method on prediction of spare part article demand,it gives a reference on the establishment of spare part inventory strategy.

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Available abstract

Demand forecasting of equipment spare parts is an important part of equipment management;it is the foundation of inventory management.Precise demand prediction can make an important influence on the establishment of spare part inventory strategy and the construction of inventory models.The difficulty is increased as the demand of spare part is in random.Through analysis of the method on prediction of spare part article demand,it gives a reference on the establishment of spare part inventory strategy.

Key concepts: Spare part, Inventory theory, Demand forecasting, Inventory management, Operations research, Computer science, Operations management, Engineering

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