IDEAS home Printed from https://ideas.repec.org/a/eee/intfor/v38y2022i1p178-192.html
   My bibliography  Save this article

Enhancing capacity planning through forecasting: An integrated tool for maintenance of complex product systems

Author

Listed:
  • Dinis, Duarte
  • Barbosa-Póvoa, Ana
  • Teixeira, Ângelo Palos

Abstract

Despite the extensive amount of data generated and stored during the maintenance capacity planning process, Maintenance, Repair, and Overhaul (MRO) organizations have yet to explore their full potential in forecasting the required capacity to face future and unprecedented maintenance interventions. This paper explores the integration of time series forecasting capabilities in a tool for maintenance capacity planning of complex product systems (CoPS), intended to value data that is routinely generated and stored, but often disregarded by MROs. State space formulations with multiplicative errors for the simple exponential smoothing (SES), Holt’s linear method (HLM), additive Holt-Winters (AHW), and multiplicative Holt-Winters (MHW) are assessed using real data, comprised of 171 maintenance projects collected from a major Portuguese aircraft MRO. A state space formulation of the MHW, selected using the bias-corrected Akaike information criterion (AICc), is integrated in a Decision Support System (DSS) for capacity planning with probabilistic inference capabilities and used to forecast the workload probability distribution of a future and unprecedent maintenance intervention. The developed tool is validated by comparing forecasted values with workloads of a particular maintenance intervention and with a model simulating current forecasting practices employed by MROs.

Suggested Citation

  • Dinis, Duarte & Barbosa-Póvoa, Ana & Teixeira, Ângelo Palos, 2022. "Enhancing capacity planning through forecasting: An integrated tool for maintenance of complex product systems," International Journal of Forecasting, Elsevier, vol. 38(1), pages 178-192.
  • Handle: RePEc:eee:intfor:v:38:y:2022:i:1:p:178-192
    DOI: 10.1016/j.ijforecast.2021.05.003
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0169207021000753
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.ijforecast.2021.05.003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Koehler, Anne B. & Snyder, Ralph D. & Ord, J. Keith, 2001. "Forecasting models and prediction intervals for the multiplicative Holt-Winters method," International Journal of Forecasting, Elsevier, vol. 17(2), pages 269-286.
    2. Peter R. Winters, 1960. "Forecasting Sales by Exponentially Weighted Moving Averages," Management Science, INFORMS, vol. 6(3), pages 324-342, April.
    3. Sanders, Nada R. & Manrodt, Karl B., 2003. "The efficacy of using judgmental versus quantitative forecasting methods in practice," Omega, Elsevier, vol. 31(6), pages 511-522, December.
    4. Hyndman, Rob J. & Koehler, Anne B. & Snyder, Ralph D. & Grose, Simone, 2002. "A state space framework for automatic forecasting using exponential smoothing methods," International Journal of Forecasting, Elsevier, vol. 18(3), pages 439-454.
    5. Carson, Richard T. & Cenesizoglu, Tolga & Parker, Roger, 2011. "Forecasting (aggregate) demand for US commercial air travel," International Journal of Forecasting, Elsevier, vol. 27(3), pages 923-941, July.
    6. Lauritzen, Steffen L., 1995. "The EM algorithm for graphical association models with missing data," Computational Statistics & Data Analysis, Elsevier, vol. 19(2), pages 191-201, February.
    7. Romeijnders, Ward & Teunter, Ruud & van Jaarsveld, Willem, 2012. "A two-step method for forecasting spare parts demand using information on component repairs," European Journal of Operational Research, Elsevier, vol. 220(2), pages 386-393.
    8. Andrawis, Robert R. & Atiya, Amir F. & El-Shishiny, Hisham, 2011. "Combination of long term and short term forecasts, with application to tourism demand forecasting," International Journal of Forecasting, Elsevier, vol. 27(3), pages 870-886.
    9. Billah, Baki & King, Maxwell L. & Snyder, Ralph D. & Koehler, Anne B., 2006. "Exponential smoothing model selection for forecasting," International Journal of Forecasting, Elsevier, vol. 22(2), pages 239-247.
    10. Gould, Phillip G. & Koehler, Anne B. & Ord, J. Keith & Snyder, Ralph D. & Hyndman, Rob J. & Vahid-Araghi, Farshid, 2008. "Forecasting time series with multiple seasonal patterns," European Journal of Operational Research, Elsevier, vol. 191(1), pages 207-222, November.
    11. Archibald, Blyth C. & Koehler, Anne B., 2003. "Normalization of seasonal factors in Winters' methods," International Journal of Forecasting, Elsevier, vol. 19(1), pages 143-148.
    12. Alsyouf, Imad, 2009. "Maintenance practices in Swedish industries: Survey results," International Journal of Production Economics, Elsevier, vol. 121(1), pages 212-223, September.
    13. Syntetos, Aris A. & Zied Babai, M. & Gardner, Everette S., 2015. "Forecasting intermittent inventory demands: simple parametric methods vs. bootstrapping," Journal of Business Research, Elsevier, vol. 68(8), pages 1746-1752.
    14. Segura, J. V. & Vercher, E., 2001. "A spreadsheet modeling approach to the Holt-Winters optimal forecasting," European Journal of Operational Research, Elsevier, vol. 131(2), pages 375-388, June.
    15. Van der Auweraer, Sarah & Boute, Robert N. & Syntetos, Aris A., 2019. "Forecasting spare part demand with installed base information: A review," International Journal of Forecasting, Elsevier, vol. 35(1), pages 181-196.
    16. Van der Auweraer, Sarah & Boute, Robert, 2019. "Forecasting spare part demand using service maintenance information," International Journal of Production Economics, Elsevier, vol. 213(C), pages 138-149.
    17. Lawrence, Michael, 2000. "What does it take to achieve adoption in sales forecasting?," International Journal of Forecasting, Elsevier, vol. 16(2), pages 147-148.
    18. Gardner, Everette Jr., 2006. "Exponential smoothing: The state of the art--Part II," International Journal of Forecasting, Elsevier, vol. 22(4), pages 637-666.
    19. Rasmussen, Rasmus, 2004. "On time series data and optimal parameters," Omega, Elsevier, vol. 32(2), pages 111-120, April.
    20. Dinis, Duarte & Barbosa-Póvoa, Ana & Teixeira, Ângelo Palos, 2019. "A supporting framework for maintenance capacity planning and scheduling: Development and application in the aircraft MRO industry," International Journal of Production Economics, Elsevier, vol. 218(C), pages 1-15.
    21. Armstrong, J. Scott & Fildes, Robert, 2006. "Making progress in forecasting," International Journal of Forecasting, Elsevier, vol. 22(3), pages 433-441.
    22. Fildes, Robert & Ma, Shaohui & Kolassa, Stephan, 2019. "Retail forecasting: research and practice," MPRA Paper 89356, University Library of Munich, Germany.
    23. Regattieri, A. & Gamberi, M. & Gamberini, R. & Manzini, R., 2005. "Managing lumpy demand for aircraft spare parts," Journal of Air Transport Management, Elsevier, vol. 11(6), pages 426-431.
    24. Lebotsa, Moshoko Emily & Sigauke, Caston & Bere, Alphonce & Fildes, Robert & Boylan, John E., 2018. "Short term electricity demand forecasting using partially linear additive quantile regression with an application to the unit commitment problem," Applied Energy, Elsevier, vol. 222(C), pages 104-118.
    25. Andrawis, Robert R. & Atiya, Amir F. & El-Shishiny, Hisham, 2011. "Combination of long term and short term forecasts, with application to tourism demand forecasting," International Journal of Forecasting, Elsevier, vol. 27(3), pages 870-886, July.
    26. Vidgen, Richard & Shaw, Sarah & Grant, David B., 2017. "Management challenges in creating value from business analytics," European Journal of Operational Research, Elsevier, vol. 261(2), pages 626-639.
    27. Hribar, Rok & Potočnik, Primož & Šilc, Jurij & Papa, Gregor, 2019. "A comparison of models for forecasting the residential natural gas demand of an urban area," Energy, Elsevier, vol. 167(C), pages 511-522.
    28. Ma, Shaohui & Fildes, Robert, 2021. "Retail sales forecasting with meta-learning," European Journal of Operational Research, Elsevier, vol. 288(1), pages 111-128.
    29. Naghizadeh, Mohammad & Manteghi, Manoochehr & Ranga, Marina & Naghizadeh, Reza, 2017. "Managing integration in complex product systems: The experience of the IR-150 aircraft design program," Technological Forecasting and Social Change, Elsevier, vol. 122(C), pages 253-261.
    30. Sanders, NR, 1992. "Accuracy of judgmental forecasts: A comparison," Omega, Elsevier, vol. 20(3), pages 353-364, May.
    31. Ghobbar, Adel A. & Friend, Chris H., 2004. "The material requirements planning system for aircraft maintenance and inventory control: a note," Journal of Air Transport Management, Elsevier, vol. 10(3), pages 217-221.
    32. Boone, Tonya & Ganeshan, Ram & Jain, Aditya & Sanders, Nada R., 2019. "Forecasting sales in the supply chain: Consumer analytics in the big data era," International Journal of Forecasting, Elsevier, vol. 35(1), pages 170-180.
    33. Granger, C. W. J. & Newbold, Paul, 1986. "Forecasting Economic Time Series," Elsevier Monographs, Elsevier, edition 2, number 9780122951831 edited by Shell, Karl.
    34. Wang, Wenbin & Syntetos, Aris A., 2011. "Spare parts demand: Linking forecasting to equipment maintenance," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 47(6), pages 1194-1209.
    35. Hong, Tao & Fan, Shu, 2016. "Probabilistic electric load forecasting: A tutorial review," International Journal of Forecasting, Elsevier, vol. 32(3), pages 914-938.
    36. Song, Haiyan & Qiu, Richard T.R. & Park, Jinah, 2019. "A review of research on tourism demand forecasting," Annals of Tourism Research, Elsevier, vol. 75(C), pages 338-362.
    37. Babai, Zied & Boylan, John E. & Kolassa, Stephan & Nikolopoulos, Konstantinos, 2016. "Supply chain forecasting: Theory, practice, their gap and the futureAuthor-Name: Syntetos, Aris A," European Journal of Operational Research, Elsevier, vol. 252(1), pages 1-26.
    38. Mula, J. & Poler, R. & Garcia-Sabater, J.P. & Lario, F.C., 2006. "Models for production planning under uncertainty: A review," International Journal of Production Economics, Elsevier, vol. 103(1), pages 271-285, September.
    39. Solvoll, Gisle & Mathisen, Terje Andreas & Welde, Morten, 2020. "Forecasting air traffic demand for major infrastructure changes," Research in Transportation Economics, Elsevier, vol. 82(C).
    40. Bacchetti, Andrea & Saccani, Nicola, 2012. "Spare parts classification and demand forecasting for stock control: Investigating the gap between research and practice," Omega, Elsevier, vol. 40(6), pages 722-737.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Petropoulos, Fotios & Apiletti, Daniele & Assimakopoulos, Vassilios & Babai, Mohamed Zied & Barrow, Devon K. & Ben Taieb, Souhaib & Bergmeir, Christoph & Bessa, Ricardo J. & Bijak, Jakub & Boylan, Joh, 2022. "Forecasting: theory and practice," International Journal of Forecasting, Elsevier, vol. 38(3), pages 705-871.
      • Fotios Petropoulos & Daniele Apiletti & Vassilios Assimakopoulos & Mohamed Zied Babai & Devon K. Barrow & Souhaib Ben Taieb & Christoph Bergmeir & Ricardo J. Bessa & Jakub Bijak & John E. Boylan & Jet, 2020. "Forecasting: theory and practice," Papers 2012.03854, arXiv.org, revised Jan 2022.
    2. Pinçe, Çerağ & Turrini, Laura & Meissner, Joern, 2021. "Intermittent demand forecasting for spare parts: A Critical review," Omega, Elsevier, vol. 105(C).
    3. Van der Auweraer, Sarah & Boute, Robert, 2019. "Forecasting spare part demand using service maintenance information," International Journal of Production Economics, Elsevier, vol. 213(C), pages 138-149.
    4. Hu, Qiwei & Boylan, John E. & Chen, Huijing & Labib, Ashraf, 2018. "OR in spare parts management: A review," European Journal of Operational Research, Elsevier, vol. 266(2), pages 395-414.
    5. Gardner, Everette Jr., 2006. "Exponential smoothing: The state of the art--Part II," International Journal of Forecasting, Elsevier, vol. 22(4), pages 637-666.
    6. Petropoulos, Fotios & Makridakis, Spyros & Assimakopoulos, Vassilios & Nikolopoulos, Konstantinos, 2014. "‘Horses for Courses’ in demand forecasting," European Journal of Operational Research, Elsevier, vol. 237(1), pages 152-163.
    7. Omar, Haytham & Klibi, Walid & Babai, M. Zied & Ducq, Yves, 2023. "Basket data-driven approach for omnichannel demand forecasting," International Journal of Production Economics, Elsevier, vol. 257(C).
    8. Corberán-Vallet, Ana & Bermúdez, José D. & Vercher, Enriqueta, 2011. "Forecasting correlated time series with exponential smoothing models," International Journal of Forecasting, Elsevier, vol. 27(2), pages 252-265, April.
    9. Bermudez, J.D. & Segura, J.V. & Vercher, E., 2006. "A decision support system methodology for forecasting of time series based on soft computing," Computational Statistics & Data Analysis, Elsevier, vol. 51(1), pages 177-191, November.
    10. Makridakis, Spyros & Hyndman, Rob J. & Petropoulos, Fotios, 2020. "Forecasting in social settings: The state of the art," International Journal of Forecasting, Elsevier, vol. 36(1), pages 15-28.
    11. Kourentzes, Nikolaos & Athanasopoulos, George, 2019. "Cross-temporal coherent forecasts for Australian tourism," Annals of Tourism Research, Elsevier, vol. 75(C), pages 393-409.
    12. Kang, Yanfei & Spiliotis, Evangelos & Petropoulos, Fotios & Athiniotis, Nikolaos & Li, Feng & Assimakopoulos, Vassilios, 2021. "Déjà vu: A data-centric forecasting approach through time series cross-similarity," Journal of Business Research, Elsevier, vol. 132(C), pages 719-731.
    13. Van der Auweraer, Sarah & Zhu, Sha & Boute, Robert N., 2021. "The value of installed base information for spare part inventory control," International Journal of Production Economics, Elsevier, vol. 239(C).
    14. J. D. Bermudez & J. V. Segura & E. Vercher, 2007. "Holt-Winters Forecasting: An Alternative Formulation Applied to UK Air Passenger Data," Journal of Applied Statistics, Taylor & Francis Journals, vol. 34(9), pages 1075-1090.
    15. Mauro Bernardi & Francesco Lisi, 2020. "Point and Interval Forecasting of Zonal Electricity Prices and Demand Using Heteroscedastic Models: The IPEX Case," Energies, MDPI, vol. 13(23), pages 1-34, November.
    16. Chethana Dharmawardane & Ville Sillanpää & Jan Holmström, 2021. "High-frequency forecasting for grocery point-of-sales: intervention in practice and theoretical implications for operational design," Operations Management Research, Springer, vol. 14(1), pages 38-60, June.
    17. Jan G. De Gooijer & Rob J. Hyndman, 2005. "25 Years of IIF Time Series Forecasting: A Selective Review," Monash Econometrics and Business Statistics Working Papers 12/05, Monash University, Department of Econometrics and Business Statistics.
    18. Corberán-Vallet, Ana & Bermúdez, José D. & Vercher, Enriqueta, 2011. "Forecasting correlated time series with exponential smoothing models," International Journal of Forecasting, Elsevier, vol. 27(2), pages 252-265.
    19. Ferbar Tratar, Liljana & Mojškerc, Blaž & Toman, Aleš, 2016. "Demand forecasting with four-parameter exponential smoothing," International Journal of Production Economics, Elsevier, vol. 181(PA), pages 162-173.
    20. Rossetti Renato, 2019. "Forecasting the Sales of Console Games for the Italian Market," Econometrics. Advances in Applied Data Analysis, Sciendo, vol. 23(3), pages 76-88, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:intfor:v:38:y:2022:i:1:p:178-192. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ijforecast .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.