Forecasting for intermittent demand: the estimation of an unbiased average
UNSPECIFIED. (2006) Forecasting for intermittent demand: the estimation of an unbiased average. JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, 57 (5). pp. 588-592. ISSN 0160-5682Full text not available from this repository.
Official URL: http://dx.doi.org/10.1057/palgrave.jors.2602031
The majority of the range of items held by many stockists exhibit intermittent demand. Accurate forecasting of the issue rate for such items is important and several methods have been developed, but all produce biased forecasts to a greater or lesser degree. This paper derives the bias expected when the order arrivals follows a Poisson process, which leads to a correction factor for application in practice. Extensions to some other arrival processes are briefly considered.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management|
|Journal or Publication Title:||JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY|
|Publisher:||PALGRAVE MACMILLAN LTD|
|Official Date:||May 2006|
|Number of Pages:||5|
|Page Range:||pp. 588-592|
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