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Forecasting for inventory planning: a 50-year review

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Forecasting for inventory planning: a 50-year review. / Syntetos, A. A.; Boylan, John; Disney, S. M.
In: Journal of the Operational Research Society, Vol. 60, 2009, p. S149--S160.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Harvard

Syntetos, AA, Boylan, J & Disney, SM 2009, 'Forecasting for inventory planning: a 50-year review', Journal of the Operational Research Society, vol. 60, pp. S149--S160. https://doi.org/10.1057/jors.2008.173

APA

Syntetos, A. A., Boylan, J., & Disney, S. M. (2009). Forecasting for inventory planning: a 50-year review. Journal of the Operational Research Society, 60, S149--S160. https://doi.org/10.1057/jors.2008.173

Vancouver

Syntetos AA, Boylan J, Disney SM. Forecasting for inventory planning: a 50-year review. Journal of the Operational Research Society. 2009;60:S149--S160. Epub 2009 Feb 11. doi: 10.1057/jors.2008.173

Author

Syntetos, A. A. ; Boylan, John ; Disney, S. M. / Forecasting for inventory planning : a 50-year review. In: Journal of the Operational Research Society. 2009 ; Vol. 60. pp. S149--S160.

Bibtex

@article{33416307cb8844218c515c80a6cc3ba3,
title = "Forecasting for inventory planning: a 50-year review",
abstract = "Forecasting and planning for inventory management has received considerable attention from the Operational Research (OR) community over the last 50 years because of its implications for decision making, both at the strategic level of an organization and at the operational level. Many influential contributions have been made in this area, reflecting different perspectives that have evolved in divergent strands of the literature, namely: system dynamics, control theory and forecasting theory (both statistical and judgemental). Although this pluralism is healthy in terms of knowledge advancement, it also signifies the fragmentation of the OR discipline and the lack of cross-fertilization of ideas to develop more comprehensive approaches towards the resolution of the same issues. In this paper, the relevant literature is reviewed and synthesized to promote some convergence between these different approaches to inventory forecasting and planning. The review concludes with an inter-disciplinary agenda for further research.",
keywords = "forecasting, inventory management, system dynamics, control theory",
author = "Syntetos, {A. A.} and John Boylan and Disney, {S. M.}",
note = "Accepted September 2008",
year = "2009",
doi = "10.1057/jors.2008.173",
language = "English",
volume = "60",
pages = "S149----S160",
journal = "Journal of the Operational Research Society",
issn = "0160-5682",
publisher = "Taylor and Francis Ltd.",

}

RIS

TY - JOUR

T1 - Forecasting for inventory planning

T2 - a 50-year review

AU - Syntetos, A. A.

AU - Boylan, John

AU - Disney, S. M.

N1 - Accepted September 2008

PY - 2009

Y1 - 2009

N2 - Forecasting and planning for inventory management has received considerable attention from the Operational Research (OR) community over the last 50 years because of its implications for decision making, both at the strategic level of an organization and at the operational level. Many influential contributions have been made in this area, reflecting different perspectives that have evolved in divergent strands of the literature, namely: system dynamics, control theory and forecasting theory (both statistical and judgemental). Although this pluralism is healthy in terms of knowledge advancement, it also signifies the fragmentation of the OR discipline and the lack of cross-fertilization of ideas to develop more comprehensive approaches towards the resolution of the same issues. In this paper, the relevant literature is reviewed and synthesized to promote some convergence between these different approaches to inventory forecasting and planning. The review concludes with an inter-disciplinary agenda for further research.

AB - Forecasting and planning for inventory management has received considerable attention from the Operational Research (OR) community over the last 50 years because of its implications for decision making, both at the strategic level of an organization and at the operational level. Many influential contributions have been made in this area, reflecting different perspectives that have evolved in divergent strands of the literature, namely: system dynamics, control theory and forecasting theory (both statistical and judgemental). Although this pluralism is healthy in terms of knowledge advancement, it also signifies the fragmentation of the OR discipline and the lack of cross-fertilization of ideas to develop more comprehensive approaches towards the resolution of the same issues. In this paper, the relevant literature is reviewed and synthesized to promote some convergence between these different approaches to inventory forecasting and planning. The review concludes with an inter-disciplinary agenda for further research.

KW - forecasting

KW - inventory management

KW - system dynamics

KW - control theory

U2 - 10.1057/jors.2008.173

DO - 10.1057/jors.2008.173

M3 - Journal article

VL - 60

SP - S149--S160

JO - Journal of the Operational Research Society

JF - Journal of the Operational Research Society

SN - 0160-5682

ER -