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Spare parts demand: Linking forecasting to equipment maintenance

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  • Wang, Wenbin
  • Syntetos, Aris A.

Abstract

Demand for spare parts is typically intermittent and forecasting the relevant requirements constitutes a very challenging exercise. Why is the demand for spare parts intermittent and how can we use models developed in maintenance research to forecast such demand? We attempt to answer these questions; we present a novel idea to forecast demand that relies upon the very sources of the demand generation process and we compare it with a well-known time-series method. We conclude that maintenance driven models are associated with a better performance under certain conditions. We also outline an inter-disciplinary agenda for further research in this area.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:transe:v:47:y:2011:i:6:p:1194-1209
    DOI: 10.1016/j.tre.2011.04.008
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    Cited by:

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    4. 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.
    5. 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.
    6. 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.
    7. Johnson, Andrew & Carnovale, Steven & Song, Ju Myung & Zhao, Yao, 2021. "Drivers of fulfillment performance in mission critical logistics systems: An empirical analysis," International Journal of Production Economics, Elsevier, vol. 237(C).
    8. Antti Puurunen & Jukka Majava & Hanna Kropsu-Vehkapera & Pekka Kess, 2013. "Applicaability of the (Q,R)-Model in Maintenance Meterials Management," Diversity, Technology, and Innovation for Operational Competitiveness: Proceedings of the 2013 International Conference on Technology Innovation and Industrial Management,, ToKnowPress.
    9. 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.
    10. Chen Bing & Sun Shouqun & Liu Gang, 2012. "An Optimized Unbiased GM (1, 1) Power Model for Forecasting MRO Spare Parts Inventory," Modern Applied Science, Canadian Center of Science and Education, vol. 6(6), pages 1-12, June.
    11. Wenhan Fu & Sheng Jing & Qinming Liu & Hao Zhang, 2023. "Resilient Supply Chain Framework for Semiconductor Distribution and an Empirical Study of Demand Risk Inference," Sustainability, MDPI, vol. 15(9), pages 1-14, April.
    12. Bjarnason, Erik T.S. & Taghipour, Sharareh & Banjevic, Dragan, 2014. "Joint optimal inspection and inventory for a k-out-of-n system," Reliability Engineering and System Safety, Elsevier, vol. 131(C), pages 203-215.
    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. Zahedi-Hosseini, Farhad & Scarf, Philip & Syntetos, Aris, 2017. "Joint optimisation of inspection maintenance and spare parts provisioning: a comparative study of inventory policies using simulation and survey data," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 306-316.
    15. Pennings, Clint L.P. & van Dalen, Jan & van der Laan, Erwin A., 2017. "Exploiting elapsed time for managing intermittent demand for spare parts," European Journal of Operational Research, Elsevier, vol. 258(3), pages 958-969.
    16. Boliang Lin & Jiaxi Wang & Huasheng Wang & Zhongkai Wang & Jian Li & Ruixi Lin & Jie Xiao & Jianping Wu, 2017. "Inventory-transportation integrated optimization for maintenance spare parts of high-speed trains," PLOS ONE, Public Library of Science, vol. 12(5), pages 1-18, May.
    17. Boram Choi & Jong Hwan Suh, 2020. "Forecasting Spare Parts Demand of Military Aircraft: Comparisons of Data Mining Techniques and Managerial Features from the Case of South Korea," Sustainability, MDPI, vol. 12(15), pages 1-20, July.
    18. Pinçe, Çerağ & Turrini, Laura & Meissner, Joern, 2021. "Intermittent demand forecasting for spare parts: A Critical review," Omega, Elsevier, vol. 105(C).
    19. 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.
    20. Wang, Wenbin, 2012. "An overview of the recent advances in delay-time-based maintenance modelling," Reliability Engineering and System Safety, Elsevier, vol. 106(C), pages 165-178.
    21. Sharma, Pankaj & Kulkarni, Makarand S & Yadav, Vikas, 2017. "A simulation based optimization approach for spare parts forecasting and selective maintenance," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 274-289.
    22. Li, Chongshou & Lim, Andrew, 2018. "A greedy aggregation–decomposition method for intermittent demand forecasting in fashion retailing," European Journal of Operational Research, Elsevier, vol. 269(3), pages 860-869.

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