Methods and systems for calculating aircraft component value

A computing system configured to perform functions for calculating a sum representing a value of an aircraft structural component, the computing system comprising:

• one or more processors;
• and
• one or more non-transitory computer readable media storing:
• data pertaining to (i) a quantity of repair authorizations that have been issued for a component, (ii) a quantity of communications between a supplier and a customer, wherein the communications regard repair authorizations issued for the component, (iii) a reorder lead time for the component, (iv) a quantity of communications between representatives of the supplier regarding repair authorizations issued for the component, and (v) a price of the component;
• and
• instructions, that when executed by the one or more processors, cause the computing system to perform functions comprising:
• identifying the component for analysis;
• determining (i) the quantity of repair authorizations that have been issued for the component, (ii) the quantity of communications between the supplier and a customer, (iii) the reorder lead time for the component, (iv) the quantity of communications between representatives of the supplier regarding repair authorizations issued for the component, and (v) the price of the component or that the price is unavailable;
• based on results of the determining and predefined relationships between potential results of the determining and numerical values, assigning numerical ratings respectively pertaining to (i) the quantity of repair authorizations that have been issued for the component, (ii) the quantity of communications between the supplier and a customer, (iii) the reorder lead time for the component, (iv) the quantity of communications between representatives of the supplier regarding repair authorizations issued for the component, and (v) the price of the component;
• calculating a sum of the assigned ratings;
• and
• based on determining that the sum exceeds a threshold value, initiating a process to retrieve or curate one or more instances of the component.

A computing system configured to perform functions for calculating a sum representing a value of an aircraft system component, the computing system comprising:

• one or more processors;
• and
• one or more non-transitory computer readable media storing:
• data pertaining to (i) whether a component is described in an illustrated parts catalog, (ii) a reorder lead time for the component, (iii) a component class to which the component belongs, wherein the component class pertains to how difficult the component is to repair, (iv) a price of the component, and (v) whether repairing or replacing the component requires taking an aircraft out of service;
• and
• instructions, that when executed by the one or more processors, cause the computing system to perform functions comprising:
• identifying the component for analysis;
• determining (i) whether the component is described in the illustrated parts catalog, (ii) the reorder lead time for the component, (iii) the component class to which the component belongs, (iv) the price of the component or that the price is unavailable, and (v) whether repairing or replacing the component requires taking an aircraft out of service;
• based on results of the determining and predefined relationships between potential results of the determining and numerical values, assigning numerical ratings respectively pertaining to (i) whether the component is described in the illustrated parts catalog, (ii) the reorder lead time for the component, (iii) the component class to which the component belongs, (iv) the price of the component, and (v) whether repairing or replacing the component requires taking an aircraft out of service;
• calculating a sum of the assigned ratings;
• and
• based on determining that the sum is less than a threshold value, initiating a process to cease retrieving or curating instances of the component.