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Managing Intermittent Demand by Torben Engelmeyer (Paperback, 2016)

About this product

About this product

Product Information

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.

Product Identifiers

Publisher
Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
ISBN-13
9783658140618
eBay Product ID (ePID)
222255736

Product Key Features

Subject Area
Data Analysis
Author
Torben Engelmeyer
Publication Name
Managing Intermittent Demand
Format
Paperback
Language
English
Subject
Management
Publication Year
2016
Type
Textbook
Number of Pages
157 Pages

Dimensions

Item Height
210mm
Item Width
148mm
Item Weight
2354g

Additional Product Features

Title_Author
Torben Engelmeyer
Country/Region of Manufacture
Germany

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