Demand estimation of aerospace spare parts based on a Weibull model with stochastic hazard rate

• Main Author: Tan, Junwen.
• Other Authors: School of Mechanical and Aerospace Engineering
• Format: Final Year Project
• Language: English
• Published: 2011
• Subjects: DRNTU::Engineering::Mechanical engineering
• Online Access: http://hdl.handle.net/10356/44412
• Institution: Nanyang Technological University

Competition on Maintenance, Repair, and Overhaul (MRO) services in the aerospace industry is intense. It is important to keep operations as lean and efficient as possible, in order for companies to survive. However, the airline industry store billions worth of spare parts in their inventory due to t...