A random forest method for obsolescence forecasting

Driven by the frequent technological changes and innovation, obsolescence has become a major challenge that cannot be ignored in which the life cycle of the components is often shorter than that of their systems. Basically, obsolescence problems are often sudden and not planned which causes delays and extra costs. On the other side forecasting appears to be one of the most efficient solutions to solve this problem. This paper aims to provide new light and help industries to generate different solutions to the problems of obsolescence. Specifically it presents a framework for forecasting the obsolescence based on random forest (RF) algorithm which has proven as the best predictor for forecasting obsolescence risk based on a previous comparative study with a high degree of accuracy.