Robust Interval Prediction of Intermittent Demand for Spare Parts Based on Tensor Optimization
Kairong Hong1, Yingying Ren1, Fengyuan Li1
1China Railway Tunnel Group, Zhengzhou 450001, China.
Sensors (Basel, Switzerland)
|August 26, 2023
Summary
This study introduces a new robust interval prediction method for intermittent spare parts demand. The tensor optimization approach effectively captures trends and improves accuracy, offering reliable forecasts for aftermarket services.
Area of Science:
- Operations Research
- Data Science
- Manufacturing Engineering
Background:
- Aftermarket services for large manufacturing enterprises rely on accurate spare parts demand prediction for inventory and quality management.
- Intermittent spare parts demand exhibits random fluctuations and outliers, challenging traditional time series forecasting methods.
- Existing methods struggle to capture evolutionary patterns and provide reliable predictions for noisy, intermittent data.
Purpose of the Study:
- To propose a robust interval prediction method for intermittent time series of aftersales spare parts demand.
- To address the challenges of random fluctuations, outliers, and intermittent characteristics in demand data.
- To enhance the reliability and accuracy of spare parts demand forecasting for aftermarket services.
Main Methods:
- A sequence-smoothing network utilizing tensor decomposition (Tucker decomposition) and a stacked autoencoder to denoise demand data.
- An alternating optimization algorithm to extract evolutionary trends from intermittent series and optimize feature representations.
- An adaptive interval prediction algorithm with dynamic updates for point and interval forecasting.
Main Results:
- The proposed tensor optimization method effectively captures the evolutionary trends of intermittent series, outperforming traditional methods.
- Improved prediction accuracy, especially for small-sample intermittent series, was demonstrated using real-world aftersales data.
- The method provides reliable, elastic prediction intervals, mitigating issues caused by data distortion.
Conclusions:
- The tensor optimization-based robust interval prediction method offers a novel solution for accurate and reliable forecasting of intermittent spare parts demand.
- This approach enhances intelligent planning and decision-making in practical maintenance and aftermarket services.
- The method's ability to handle noisy and intermittent data provides a significant advancement in demand forecasting.
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