Managing Intermittent Demand
Autor Torben Engelmeyeren Limba Engleză Paperback – 11 mai 2016
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Specificații
ISBN-13: 9783658140618
ISBN-10: 3658140615
Pagini: 157
Ilustrații: XV, 157 p. 65 illus.
Dimensiuni: 148 x 210 x 10 mm
Greutate: 0.24 kg
Ediția:1st ed. 2016
Editura: Springer Fachmedien Wiesbaden
Colecția Springer Gabler
Locul publicării:Wiesbaden, Germany
ISBN-10: 3658140615
Pagini: 157
Ilustrații: XV, 157 p. 65 illus.
Dimensiuni: 148 x 210 x 10 mm
Greutate: 0.24 kg
Ediția:1st ed. 2016
Editura: Springer Fachmedien Wiesbaden
Colecția Springer Gabler
Locul publicării:Wiesbaden, Germany
Cuprins
Classification Approaches to Identify Intermittent Demand Series.- Consistent Forecast-Based Inventory Model.- Extensive Comparison of the Inventory Performance Among Different Forecast/Inventory Model Combinations.
Notă biografică
Dr. Torben Engelmeyer works as a research assistant at the chair of International Economics - University of Wuppertal, Germany.
Textul de pe ultima copertă
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.
Contents
Dr. Torben Engelmeyer works as a research assistant at the chair of International Economics - University of Wuppertal, Germany.
Contents
- Classification Approaches to Identify Intermittent Demand Series
- ConsistentForecast-Based Inventory Model
- Extensive Comparison of the Inventory Performance Among Different Forecast/Inventory Model Combinations
- Students and researchers interested in business analytics and operations management
- Inventory managers and supply chain experts
Dr. Torben Engelmeyer works as a research assistant at the chair of International Economics - University of Wuppertal, Germany.
Caracteristici
Study in the field of economic sciences Includes supplementary material: sn.pub/extras