Demand forecasting adjustments for service-level achievement

Syntetos, Aris A. and Boylan, John (2008) Demand forecasting adjustments for service-level achievement. IMA Journal of Management Mathematics, 19 (2). pp. 175-192. ISSN 1471-678X

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Abstract

Demand forecasting and stock control are traditionally examined as independent of each other. Even though this weakness has been highlighted in the academic literature, little empirical work has been conducted on forecasting adjustments addressing the interaction between forecasting and stock control. In this paper, the relevant literature is critically reviewed. Subsequently, the empirical performance of some modifications and adjustments, on slow-moving items, is examined in detail. The data set consists of the individual demand histories of 753 intermittent line items from the Royal Air Force (UK). Overall, the results indicate that there is a scope for improving the performance of parametric stock control systems, and adjustments are indeed required in order to account for the interaction between forecasting and stock control.

Item Type:
Journal Article
Journal or Publication Title:
IMA Journal of Management Mathematics
Additional Information:
Accepted 03/10/2007.
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2600/2604
Subjects:
ID Code:
73058
Deposited By:
Deposited On:
24 Feb 2015 12:16
Refereed?:
Yes
Published?:
Published
Last Modified:
17 Jun 2020 03:02