The Use of Time Series Analysis to Develop Spares Requirements Forecasts.
Abstract
There is a growing suspicion that a linear relationship for demands per flying hour, as currently used, is not an accurate assumption. The spare parts data used for stock level maintenance may not, necessarily, conform to the general assumption of a linear relationship for demands on those parts per flying hour. There is a concern that support based on this peacetime assumption may fall short in a wartime situation. Demands per flying hours are inherently a factor of time, but this factor is not presently considered in computing forecasts. Time series methods are compared to a model of the same data, produced without the benefit of time series methods, to demonstrate that using the linearity assumption in forecasting can lead to errors. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1983
- Accession Number
- ADA135531
Entities
People
- L. D. Taylor
Organizations
- Air Force Institute of Technology