Forecasting for Inventory Management of Service Parts

John E. Boylan and Aris A. Syntetos
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John E. Boylan: Buckinghamshire Chilterns University College
Aris A. Syntetos: University of Salford

Chapter 20 in Complex System Maintenance Handbook, 2008, pp 479-506 from Springer

Abstract: 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.

Keywords: Inventory Management; Mean Absolute Percentage Error; Forecast Accuracy; Forecast Method; Demand Pattern (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-1-84800-011-7_20

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