Demand forecasting adjustments for service-level achievement

Management Science

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Demand forecasting adjustments for service-level achievement. / Syntetos, Aris A.; Boylan, John.
In: IMA Journal of Management Mathematics, Vol. 19, No. 2, 2008, p. 175-192.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Syntetos, AA & Boylan, J 2008, 'Demand forecasting adjustments for service-level achievement', IMA Journal of Management Mathematics, vol. 19, no. 2, pp. 175-192. https://doi.org/10.1093/imaman/dpm034

APA

Syntetos, A. A., & Boylan, J. (2008). Demand forecasting adjustments for service-level achievement. IMA Journal of Management Mathematics, 19(2), 175-192. https://doi.org/10.1093/imaman/dpm034

Vancouver

Syntetos AA, Boylan J. Demand forecasting adjustments for service-level achievement. IMA Journal of Management Mathematics. 2008;19(2):175-192. Epub 2007 Dec 6. doi: 10.1093/imaman/dpm034

Author

Syntetos, Aris A. ; Boylan, John. / Demand forecasting adjustments for service-level achievement. In: IMA Journal of Management Mathematics. 2008 ; Vol. 19, No. 2. pp. 175-192.

Bibtex

@article{a4e2db8d0b8648bd9524fdb7537f2e89,

title = "Demand forecasting adjustments for service-level achievement",

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. ",

keywords = "customer service level, intermittent demand, forecasting, stock control",

author = "Syntetos, {Aris A.} and John Boylan",

note = "Accepted 03/10/2007. ",

year = "2008",

doi = "10.1093/imaman/dpm034",

language = "English",

volume = "19",

pages = "175--192",

journal = "IMA Journal of Management Mathematics",

issn = "1471-678X",

publisher = "Oxford University Press",

number = "2",

}

RIS

TY - JOUR

T1 - Demand forecasting adjustments for service-level achievement

AU - Syntetos, Aris A.

AU - Boylan, John

N1 - Accepted 03/10/2007.

PY - 2008

Y1 - 2008

N2 - 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.

AB - 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.

KW - customer service level

KW - intermittent demand

KW - forecasting

KW - stock control

U2 - 10.1093/imaman/dpm034

DO - 10.1093/imaman/dpm034

M3 - Journal article

VL - 19

SP - 175

EP - 192

JO - IMA Journal of Management Mathematics

JF - IMA Journal of Management Mathematics

SN - 1471-678X

IS - 2

ER -

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