Considered is the concurrent spare part(CSP) requirements problem of new equipment system. In the considered system, when a part fails, the part cannot be repaired and should be replaced. In addition, cannibalization is allowed. It is assumed that the failure of a part follows a Poisson process. The operational availability concept in CSP is defined, and a formula is derived to calculate the operational availability using expected machine operating time during CSP period. The problem is formulated as the operational availability maximization problem with available budget constraint and a heuristic solution search procedure is developed. An illustrative example is shown to explain the solution procedure.