| 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.