Syntetos, A and Boylan, JE 2008, 'Smoothing and adjustments of demand forecasts for inventory control' , IMA Journal of Management Mathematics, 19 (2) , pp. 175-192.
Full text not available from this repository.Abstract
Demand forecasting and stock control are traditionally examined as independent of each other. Even though this weakness has been highlighted in the academic literature, little empirical work has been conducted on forecasting adjustments addressing the interaction between forecasting and stock control. In this paper, the relevant literature is critically reviewed. Subsequently, the empirical performance of some modifications and adjustments, on slow-moving items, is examined in detail. The data set consists of the individual demand histories of 753 intermittent line items from the Royal Air Force (UK). Overall, the results indicate that there is a scope for improving the performance of parametric stock control systems, and adjustments are indeed required in order to account for the interaction between forecasting and stock control.
| Item Type: | Article |
|---|---|
| Themes: | Subjects outside of the University Themes |
| Schools: | Schools > Salford Business School > Salford Business School Research Centre |
| Journal or Publication Title: | IMA Journal of Management Mathematics |
| Publisher: | Oxford University Press |
| Refereed: | Yes |
| ISSN: | 1471-678X |
| Funders: | Royal Society, UK |
| Depositing User: | Professor Aris Syntetos |
| Date Deposited: | 13 Oct 2011 08:41 |
| Last Modified: | 25 Sep 2017 08:28 |
| URI: | http://usir.salford.ac.uk/id/eprint/9373 |
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