Actuarial Forecasts for the Automotive Aftermarket Problem Solving Tools

Format:

Conference/Event

Author/Creator:

George, Laurence L., author.

Conference Name:

SAE 2004 World Congress & Exhibition (2004-03-08 : Detroit, Michigan, United States)

Language:

English

Physical Description:

1 online resource

Place of Publication:

Warrendale, PA SAE International 2004

Summary:

Actuarial forecasts are practical for all products and service parts, including automotive aftermarket service parts. They have been used by the Air Force Material Command for service planning and parts procurement for major engine modules [1, 2], and airlines use them for "fracture critical" engine and structure parts. An automotive aftermarket information provider sells actuarial forecasts of parts demands. It reports that its clients see profits increase 15% when they stock parts accordingly. Actuarial forecast accuracy and precision are substantially better than those of forecasts based on time series extrapolation [3]

Notes:

Vendor supplied data

Publisher Number:

2004-01-1538

Access Restriction:

Restricted for use by site license