Accession Number : AD0785499
Title : Forecasting Electronic Repair Parts Consumption for AMC Electronics Depots.
Descriptive Note : Final rept.,
Corporate Author : ARMY MATERIEL COMMAND TEXARKANA TX INTERN TRAINING CENTER
Personal Author(s) : Axtell, Larry L.
Report Date : MAR 1974
Pagination or Media Count : 80
Abstract : The primary objective of the paper is to discuss the design of a forecast system for repair parts support of overhaul activities in electronics depots. Four major stages in the design process were: data, models, methods, and error measurement. Approximately six years of actual repair parts consumption were used as a data base. Both time-series and probability models were employed to provide mathematical representations of overhaul activities. Using accuracy and computational simplicity as criteria, the following forecasting techniques were selected: maximum likelihood, exponential smoothing, and quadratic. Finally, relative error was used as a measure of accuracy in comparing the techniques. A computer program was written to handle the tedious job of data manipulation and screening, application of the repetitive techniques, and error measurement. Since the quadratic scheme produced the lowest error mean and variance, it was recommended for implementation. (Author)
Descriptors : *SPARE PARTS, *ELECTRONIC EQUIPMENT, FORECASTING, REQUIREMENTS, MAINTENANCE, TIME SERIES ANALYSIS, PROBABILITY, COMPUTER PROGRAMS, ESTIMATES.
Subject Categories : Logistics, Military Facilities and Supplies
Distribution Statement : APPROVED FOR PUBLIC RELEASE