The Effects of Demand-Forecast Fluctuations on Customer Service and Inventory Cost When Demand is Lumpy
作者:
WatsonRichard B.,
期刊:
Journal of the Operational Research Society
(Taylor Available online 1987)
卷期:
Volume 38,
issue 1
页码: 75-82
ISSN:0160-5682
年代: 1987
DOI:10.1057/jors.1987.9
出版商: Taylor&Francis
关键词: customer service;demand forecasting;inventory management;simulation
数据来源: Taylor
摘要:
AbstractThis paper examines the interactions between the demand forecasting and reordering subsystems in inventory management. Simulation is used to study the average discrepancy between a desired customer service level and that actually achieved, and the increase in average annual inventory cost resulting from fluctuations in the forecast demand parameters of several lumpy demand patterns.
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