Accuracy and accuracy-implication metrics for intermittent demand

Boylan, John and Syntetos, Aris (2006) Accuracy and accuracy-implication metrics for intermittent demand. Foresight: The International Journal of Applied Forecasting, 4. pp. 39-42. ISSN 1555-9068

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Abstract

John and Aris distinguish between forecase-accuracy metrics, which measure the errors resulting from a forecast method, and accuracy-implication metrics, which measure the achievement of the organization's stockholding and service-level goals. Both measurements are important. The correct choice of a forecast-accuracy metric depends on the organization's inventory rules, and on whether accuracy is to be gauged for a single item or across a range of items, The authors recommend specific accuracy and accuracy-implication metrics for each context. Copyright International Institute of Forecasters, 2006

Item Type:
Journal Article
Journal or Publication Title:
Foresight: The International Journal of Applied Forecasting
ID Code:
73092
Deposited By:
Deposited On:
27 Feb 2015 11:20
Refereed?:
Yes
Published?:
Published
Last Modified:
21 Jun 2020 23:43