Estimating obsolescence risk from demand data - a case study
AbstractIn this paper obsolescence of service parts is analyzed in a practical environment. Basedon the analysis, we propose a method that can be used to estimate the risk of obsolescenceof service parts. The method distinguishes groups of service parts. For these groups, therisk of obsolescence is estimated using the behavior of similar groups of service parts inthe past. The method uses demand data as main information source, and can therefore beapplied without the use of an expert's opinion. We will give numerical values for the risk ofobsolescence obtained with the method, and the eÂ®ects of these values on inventory controlwill be examined.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Erasmus University Rotterdam, Econometric Institute in its series Econometric Institute Report with number EI 2010-03.
Date of creation: 17 Feb 2010
Date of revision:
Contact details of provider:
Web page: http://www.few.eur.nl/few
inventory; forecasting; obsolescence; spare parts;
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anneke Kop).
If references are entirely missing, you can add them using this form.