Spare parts management : a review of forecasting research and extensions

Boylan, John and Syntetos, Aris A. (2010) Spare parts management : a review of forecasting research and extensions. IMA Journal of Management Mathematics, 21 (3). pp. 227-237. ISSN 1471-678X

Abstract

Spare parts are very common in many industries and forecasting their requirements is an important operational issue. In recent years, there have been advances in forecasting methods for spare parts, demand information sharing strategies and the design of forecast support systems. Some work has also been done on the value of judgemental adjustment of statistical forecasts. In this paper, these developments are reviewed and avenues for further research are explored.