Application of reliability models with covariates in spare part prediction and optimization – A case study

Abstract

The number of spare parts required for an item can be effectively estimated based on its reliability performance. The reliability characteristics of an item are influenced by different factors such as the operational environment, maintenance policy, operator skill, etc. However, in the majority of reliability based spare part provision studies, the effect of these influence factors has not been considered, and the only variable of interest is the operating time. The aim of this paper is to demonstrate the application of the available reliability models with covariates in the field of spare part predictions by means of a case study.