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2 articles for “spare parts management”
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Evaluating Advancements and Identifying Research Gaps in Automotive Spare Parts Demand Forecasting
Abstract: The automotive industry, a key driver of global economic activity, relies heavily on the effective management of spare parts to ensure vehicle longevity and reliability. Accurate prediction of demand for these components is imperative to uphold ideal stock levels, minimize expenditures, and elevate customer contentment. This review of literature assesses recent progressions in demand prediction methodologies for automotive spare parts, with a specific emphasis on conventional statistical methods and contemporary …
Published in Journal of Computer Technology & Applications · Vol. 15, Issue 3, 2024 · pp. 47–58 Read article
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Comparative Performance Study: Deterministic vs. Probabilistic Models in Retail Chains
Abstract: The finished goods, raw materials, and product stock that a business has on hand for sale are referred to as inventory. They enable the companies to achieve their sales levels and are a chance to cost control and decision making. It is a huge asset to a manufacturing firm. Inventory model permits forecasting of quantities of raw material, inventory and spare parts of the equipment to a very high level …
Published in Recent Trends in Mathematics · Vol. 2, Issue 1, 2025 · pp. 1–6 Read article