Skip to the content

Forecasting for inventory planning: a 50-year review

Syntetos, A, Boylan, JE and Disney, S 2009, 'Forecasting for inventory planning: a 50-year review' , Journal of the Operational Research Society, 60 (SI) , S149-S160.

[img] PDF - Published Version
Restricted to Repository staff only

Download (176kB) | Request a copy

    Abstract

    Forecasting and planning for inventory management has received considerable attention from the Operational Research (OR) community over the last 50 years because of its implications for decision making, both at the strategic level of an organization and at the operational level. Many influential contributions have been made in this area, reflecting different perspectives that have evolved in divergent strands of the literature, namely: system dynamics, control theory and forecasting theory (both statistical and judgemental). Although this pluralism is healthy in terms of knowledge advancement, it also signifies the fragmentation of the OR discipline and the lack of cross-fertilization of ideas to develop more comprehensive approaches towards the resolution of the same issues. In this paper, the relevant literature is reviewed and synthesized to promote some convergence between these different approaches to inventory forecasting and planning. The review concludes with an inter-disciplinary agenda for further research.

    Item Type: Article
    Themes: Subjects outside of the University Themes
    Schools: Colleges and Schools > College of Business & Law > Salford Business School > Operations and Global Logistics Management
    Journal or Publication Title: Journal of the Operational Research Society
    Publisher: Palgrave Macmillan
    Refereed: Yes
    ISSN: 0160-5682
    Funders: Engineering and Physical Sciences Research Council (EPSRC)
    Depositing User: Professor Aris Syntetos
    Date Deposited: 13 Oct 2011 11:49
    Last Modified: 20 Jan 2014 20:53
    URI: http://usir.salford.ac.uk/id/eprint/18297

    Document Downloads

    More statistics for this item...

    Actions (login required)

    Edit record (repository staff only)