Advancing stock policy on repairable, intermittently-demanded service parts

Many firms generate revenue by operating systems or fleets, such as welding robots, rental cars, aircraft, etc. The contribution of service parts to the availability of the system or fleet is well documented. The majority of service parts are intermittently demanded. Research on intermittent demand has primarily focused on forecast accuracy and generally does not distinguish between the stock policies of consumable versus repairable parts....