Research Article

An Application on Demand Forecasting and Stock Control for Aircraft Components

Volume: 3 Number: 1 August 28, 2022
EN TR

An Application on Demand Forecasting and Stock Control for Aircraft Components

Abstract

Today, the management of the inventory used in the aircraft maintenance-repair industry is an important issue. Spare parts inventory, in other words component inventory, constitutes the main capital resource of this type of companies. For this reason, it is an important and sensitive issue for organizations engaged in aircraft maintenance to effectively manage their spare parts stock. Effective and rational management of spare parts inventory will provide companies with significant cost advantages. While trying to increase service levels, companies aim to keep their inventory costs at minimum levels. In order to effectively manage the spare parts inventory, first of all, the demand forecast for the future must be made correctly. For this, techniques suitable for the part structure should be used. The next step after forecasting is to keep stock at a sufficient level of confidence to avoid running out of stock in the future. Because of this, demands are formulated by fitting distributions. In this study, component data of a local company that provides maintenance and spare parts services to the aircraft of airline companies in the aviation maintenance and repair sector was used. Demand patterns related to the data set were examined and discrete forecasting methods were applied to them. Afterwards, comparisons were made by using various distributions to determine the amount of spares that should be kept in stock. The results were interpreted and evaluated. It is assessed that this study will shed light on and benefit organizations operating in the aviation sector and other sectors in terms of spare part stock management and demand forecasting.

Keywords

References

  1. Alfieri, F. (tarih yok). Sunum Notları. Aircraft Maintenance and Repair – Rotable Inventory Components.
  2. Altay, N. (2011). Distributional Assumptions for Parametric Forecasting of Intermittent Demand. Chapter 2, Service Parts Management, Springer,, 34-35,47.
  3. Bacchetti, A., & Saccani, N. (2012). Spare parts classification and demand forecasting for stock control:Investigating the gap between research and practice. The International Journal of Management Science, 725.
  4. Boylan J.E. & Syntetos A.A. (2008). Forecasting for Inventory Management of Service Parts. Chapter 20, Complex System Maintenance Handbook, Springer, 5.
  5. Burden, C. R. (2014). An R Implementation of the Polya-Aeppli Distribution. Australian National University.
  6. Callegaro, A. (2010). Forecasting Methods For Spare Parts Demand. Undergraduate Thesis.
  7. Fukuda, J. (tarih yok). Website, . https://sites.google.com/site/jfukudasite/metric adresinden alındı
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Details

Primary Language

English

Subjects

Operation

Journal Section

Research Article

Publication Date

August 28, 2022

Submission Date

May 29, 2022

Acceptance Date

August 24, 2022

Published in Issue

Year 2022 Volume: 3 Number: 1

APA
Ekin, E. (2022). An Application on Demand Forecasting and Stock Control for Aircraft Components. Havacılık Ve Uzay Çalışmaları Dergisi, 3(1), 1-40. https://doi.org/10.52995/jass.1122940
AMA
1.Ekin E. An Application on Demand Forecasting and Stock Control for Aircraft Components. JASS. 2022;3(1):1-40. doi:10.52995/jass.1122940
Chicago
Ekin, Emre. 2022. “An Application on Demand Forecasting and Stock Control for Aircraft Components”. Havacılık Ve Uzay Çalışmaları Dergisi 3 (1): 1-40. https://doi.org/10.52995/jass.1122940.
EndNote
Ekin E (August 1, 2022) An Application on Demand Forecasting and Stock Control for Aircraft Components. Havacılık ve Uzay Çalışmaları Dergisi 3 1 1–40.
IEEE
[1]E. Ekin, “An Application on Demand Forecasting and Stock Control for Aircraft Components”, JASS, vol. 3, no. 1, pp. 1–40, Aug. 2022, doi: 10.52995/jass.1122940.
ISNAD
Ekin, Emre. “An Application on Demand Forecasting and Stock Control for Aircraft Components”. Havacılık ve Uzay Çalışmaları Dergisi 3/1 (August 1, 2022): 1-40. https://doi.org/10.52995/jass.1122940.
JAMA
1.Ekin E. An Application on Demand Forecasting and Stock Control for Aircraft Components. JASS. 2022;3:1–40.
MLA
Ekin, Emre. “An Application on Demand Forecasting and Stock Control for Aircraft Components”. Havacılık Ve Uzay Çalışmaları Dergisi, vol. 3, no. 1, Aug. 2022, pp. 1-40, doi:10.52995/jass.1122940.
Vancouver
1.Emre Ekin. An Application on Demand Forecasting and Stock Control for Aircraft Components. JASS. 2022 Aug. 1;3(1):1-40. doi:10.52995/jass.1122940

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