Equipment Maintenance Material Demand Forecasting Based on Gray-Markov Model

Maintenance material reserves must keep an appropriate scale,in order to meet the possible demand of support objectives.According to the sequence of maintenance material consumption,this paper establishes a Gray-Markov forecasting model by combining Gray system theory and Markov model. Few data are needed in the proposed Gray-Markov forecasting model which has high prediction precision by involving small parameters. The performance of Gray-Markov forecasting model was demonstrated using practical application and the model was proved to be a valid and accurate forecasting method. This Gray-Markov forecasting model can provide reference for making material demand plan and determining maintenance material reserves.