Estimating obsolescence risk from demand data to enhance inventory control : a case study

W. van Jaarsveld, R. Dekker

Onderzoeksoutput: Bijdrage aan tijdschriftTijdschriftartikelAcademicpeer review

27 Citaten (Scopus)

Samenvatting

In this paper obsolescence of service parts is analyzed in a practical environment. Based on the analysis, we propose a method that can be used to estimate the risk of obsolescence of service parts, which is subsequently used to enhance inventory control for those parts. The method distinguishes groups of service parts. For these groups, the risk of obsolescence is estimated using the behavior of similar groups of service parts in the past. The method uses demand data as main information source, and can therefore be applied without the use of an expert's opinion. We will give numerical values for the risk of obsolescence obtained with the method, and the effects of these values on inventory control will be examined.

Originele taal-2Engels
Pagina's (van-tot)423-431
Aantal pagina's9
TijdschriftInternational Journal of Production Economics
Volume133
Nummer van het tijdschrift1
DOI's
StatusGepubliceerd - sep. 2011
Extern gepubliceerdJa

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