Article ID: | iaor2009739 |
Country: | Netherlands |
Volume: | 111 |
Issue: | 2 |
Start Page Number: | 389 |
End Page Number: | 408 |
Publication Date: | Jan 2008 |
Journal: | International Journal of Production Economics |
Authors: | Litteral Lewis A., Altay Nezih, Rudisill Frank |
Keywords: | spare parts |
The challenge of accurately forecasting demand for spare parts is due to the intermittent nature of their demand. This study compares a recent modification of Croston's method and a method based on Holt's double exponential smoothing taking the firm's competitive priorities into consideration. Wright's modification of Holt's method is presented as a viable alternative when forecasting demand for spares especially when trend is present.