Managing Intermittent Demand

Name: Managing Intermittent Demand
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783658140618
Price: 1147 CZK
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Autor: Torben Engelmeyer

Jazyk:

Vazba: Brožovaná

Vydavatel: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Dostupnost: Skladem u dodavatele

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This work aims to increase the service level and to reduce the inventory costs by combining the fore...

Informace o knize

Autor

Torben Engelmeyer

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

2016

Stránek

157

EAN

9783658140618

ISBN

3658140615

Enbook ID

02981219

Vydavatel

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Hmotnost

2354

Rozměry

148 x 210 x 210

Kompletní popis

This work aims to increase the service level and to reduce the inventory costs by combining the forecast and inventory model into one consistent forecast-based inventory model. This new model is based on the prediction of the future probability distribution by assuming an integer-valued autoregressive process as demand process. The developed algorithms can be used to identify, estimate, and predict the demand as well as optimize the inventory decision of intermittent demand series. In an extensive simulation study the new model is compared with a wide range of conventional forecast/inventory model combinations. By using the consistent approach, the mean inventory level is lowered whereas the service level is increased. Additionally, a modern multi-criteria inventory classification scheme is presented to distinguish different demand series clusters.§

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Managing Intermittent Demand

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