Author(s)

Liu Shenyang, Wang Lihui, Zhu Qian, Du Lei

Corresponding Author

Liu Shenyang

Abstract

Prediction models of spare parts consumption based on prior distributions were developed. Based on the analysis of the basic methods of acquiring prior distributions and the bayesian theory, through comprehensive utilization of the prior distribution and sample data, models of spare parts consumption that change with time based on prior distributions were developed. Then the combined methods of sample data were presented and the models of spare parts consumption in many pieces of equipment were developed.

Keywords

Spare parts; consumption rule; prior distributions