Syntetos, A and Boylan, JE 2006, 'On the stock control performance of intermittent demand estimators.' , International Journal of Production Economics, 103 (1) , pp. 36-47.
Full text not available from this repository.Abstract
The purpose of this paper is to assess the empirical stock control performance of intermittent demand estimation procedures. The forecasting methods considered are the simple moving average, single exponential smoothing, Croston's method and a new method recently developed by the authors of this paper. We first discuss the nature of the empirical demand data set (3000 stock keeping units) and we specify the stock control model to be used for experimentation purposes. Performance measures are then selected to report customer service level and stock volume differences. The out-of-sample empirical comparison results demonstrate the superior stock control performance of the new intermittent demand forecasting method and enable insights to be gained into the empirical utility of the other estimators.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Intermittent demand; Forecasting; Stock control |
| Themes: | Subjects / Themes > H Social Sciences > HD Industries. Land use. Labor > HD0028 - 0070 Management. Industrial Management Subjects outside of the University Themes |
| Schools: | Schools > Salford Business School > Salford Business School Research Centre |
| Journal or Publication Title: | International Journal of Production Economics |
| Publisher: | Elsevier |
| Refereed: | Yes |
| ISSN: | 0925-5273 |
| Depositing User: | H Kenna |
| Date Deposited: | 21 Aug 2007 15:49 |
| Last Modified: | 29 Oct 2015 00:49 |
| URI: | http://usir.salford.ac.uk/id/eprint/281 |
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