EVALUATING FORECAST PERFORMANCE IN AN INVENTORY CONTROL-SYSTEM

被引:82
作者
GARDNER, ES
机构
[1] Univ of Houston, Houston, TX
关键词
D O I
10.1287/mnsc.36.4.490
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
This paper analyzes the impact of forecasting on inventory decisions in a large physical distribution system. Alternative forecasting models are evaluated by developing tradeoff curves between inventory investment and customer service. The results demonstrate that the choice of forecasting model is an important factor in determining the amount of investment needed to support any target level of customer service.
引用
收藏
页码:490 / 499
页数:10
相关论文
共 13 条
[1]  
ARMSTRONG JS, 1986, INTERFACES, V16, P52
[2]  
BROWN R, 1982, ADV SERVICE PARTS IN
[3]   FORECASTING AND STOCK CONTROL FOR INTERMITTENT DEMANDS [J].
CROSTON, JD .
OPERATIONAL RESEARCH QUARTERLY, 1972, 23 (03) :289-&
[4]  
Dancer R., 1977, DECISION SCI, V8, P228
[5]   DETERMINING SAFETY STOCK IN THE PRESENCE OF STOCHASTIC LEAD TIME AND DEMAND [J].
EPPEN, GD ;
MARTIN, RK .
MANAGEMENT SCIENCE, 1988, 34 (11) :1380-1390
[6]   FORECASTING TRENDS IN TIME-SERIES [J].
GARDNER, ES ;
MCKENZIE, E .
MANAGEMENT SCIENCE, 1985, 31 (10) :1237-1246
[7]   EXPONENTIAL SMOOTHING - THE STATE OF THE ART [J].
GARDNER, ES .
JOURNAL OF FORECASTING, 1985, 4 (01) :1-28
[8]  
Hadley G., 1963, ANAL INVENTORY SYSTE
[9]   FORECASTING ERROR EVALUATION IN MATERIAL REQUIREMENTS PLANNING (MRP) PRODUCTION-INVENTORY SYSTEMS [J].
LEE, TS ;
ADAM, EE .
MANAGEMENT SCIENCE, 1986, 32 (09) :1186-1205
[10]   THE ACCURACY OF EXTRAPOLATION (TIME-SERIES) METHODS - RESULTS OF A FORECASTING COMPETITION [J].
MAKRIDAKIS, S ;
ANDERSEN, A ;
CARBONE, R ;
FILDES, R ;
HIBON, M ;
LEWANDOWSKI, R ;
NEWTON, J ;
PARZEN, E ;
WINKLER, R .
JOURNAL OF FORECASTING, 1982, 1 (02) :111-153