Forecasting Spare Part Demand with Installed Base Information: A Review

35 Pages Posted: 25 Jan 2018

See all articles by Sarah Van der Auweraer

Sarah Van der Auweraer

KU Leuven - Faculty of Business and Economics (FEB)

Robert N. Boute

Vlerick Leuven Gent Management School

A. A. Syntetos

Cardiff University - Cardiff Business School

Date Written: December 2017

Abstract

The majority of the spare part literature studies intermittent demand forecasting. However, these methods typically do not consider the underlying demand generating factors. It seems reasonable to presume that the spare part demand can be explained by the service operations that require the use of these parts. This information can be helpful for forecasting purposes. In this article, we review the literature of such information from service operations, which we refer to as installed base information.

The aim is twofold: First, by providing the academic community with a review on the literature concerning the use of installed base information (which is to the best of our knowledge non-existent), it can serve as a foundation for future academic research. Second, we offer practitioners insight on the potential of installed base information to improve their forecasts. This way we aim to stimulate appropriate data collection and implementation of installed base forecasting methods.

Keywords: spare parts, demand forecasting, literature review, maintenance, installed base

Suggested Citation

Van der Auweraer, Sarah and Boute, Robert N. and Syntetos, Aris, Forecasting Spare Part Demand with Installed Base Information: A Review (December 2017). Available at SSRN: https://ssrn.com/abstract=3104452 or http://dx.doi.org/10.2139/ssrn.3104452

Sarah Van der Auweraer (Contact Author)

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Robert N. Boute

Vlerick Leuven Gent Management School ( email )

Library
REEP 1
Gent, BE-9000
Belgium

Aris Syntetos

Cardiff University - Cardiff Business School ( email )

Aberconway Building
Colum Drive
Cardiff, CF10 3EU
United Kingdom

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