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Forecasting for Inventory Management of Service Parts

In: Complex System Maintenance Handbook

Author

Listed:
  • John E. Boylan

    (Buckinghamshire Chilterns University College)

  • Aris A. Syntetos

    (University of Salford)

Abstract

Service parts are ubiquitous in modern societies. Their need arises whenever a component fails or requires replacement. In some sectors, such as the aerospace and automotive industries, a very wide range of service parts are held in stock, with significant implications for availability and inventory holding. Their management is therefore an important task.

Suggested Citation

  • John E. Boylan & Aris A. Syntetos, 2008. "Forecasting for Inventory Management of Service Parts," Springer Series in Reliability Engineering, in: Complex System Maintenance Handbook, chapter 20, pages 479-506, Springer.
    • Handle: RePEc:spr:ssrchp:978-1-84800-011-7_20
    DOI: 10.1007/978-1-84800-011-7_20
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    Citations

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    Cited by:

    1. Dombi, József & Jónás, Tamás & Tóth, Zsuzsanna Eszter, 2018. "Modeling and long-term forecasting demand in spare parts logistics businesses," International Journal of Production Economics, Elsevier, vol. 201(C), pages 1-17.
    2. Hahn, G.J. & Leucht, A., 2015. "Managing inventory systems of slow-moving items," International Journal of Production Economics, Elsevier, vol. 170(PB), pages 543-550.
    3. Hekimoğlu, Mustafa & Karlı, Deniz, 2023. "Modeling repair demand in existence of a nonstationary installed base," International Journal of Production Economics, Elsevier, vol. 263(C).
    4. Lengu, D. & Syntetos, A.A. & Babai, M.Z., 2014. "Spare parts management: Linking distributional assumptions to demand classification," European Journal of Operational Research, Elsevier, vol. 235(3), pages 624-635.
    5. 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.
    6. 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.
    7. Bacchetti, A. & Plebani, F. & Saccani, N. & Syntetos, A.A., 2013. "Empirically-driven hierarchical classification of stock keeping units," International Journal of Production Economics, Elsevier, vol. 143(2), pages 263-274.
    8. García-Benito, Juan Carlos & Martín-Peña, María-Luz, 2021. "A redistribution model with minimum backorders of spare parts: A proposal for the defence sector," European Journal of Operational Research, Elsevier, vol. 291(1), pages 178-193.

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