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
Departments: Lancaster University Management School > Management Science
ID Code: 73092
Deposited By: ep_importer_pure
Deposited On: 27 Feb 2015 11:20
Refereed?: Yes
Published?: Published
Last Modified: 23 Dec 2019 01:57
URI: https://eprints.lancs.ac.uk/id/eprint/73092

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