Home > Research > Publications & Outputs > On the interaction between forecasting and stoc...

Research

Associated organisational units

Links

Text available via DOI:

Keywords

View graph of relations

On the interaction between forecasting and stock control: the case of non-stationary demand

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

Published

Standard

On the interaction between forecasting and stock control: the case of non-stationary demand. / Strijbosch, Leo W.g.; Syntetos, Aris A.; Boylan, John et al.
In: International Journal of Production Economics, Vol. 133, No. 1, 01.09.2011, p. 470-480.

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

Harvard

Strijbosch, LWG, Syntetos, AA, Boylan, J & Janssen, E 2011, 'On the interaction between forecasting and stock control: the case of non-stationary demand', International Journal of Production Economics, vol. 133, no. 1, pp. 470-480. https://doi.org/10.1016/j.ijpe.2009.10.032

APA

Strijbosch, L. W. G., Syntetos, A. A., Boylan, J., & Janssen, E. (2011). On the interaction between forecasting and stock control: the case of non-stationary demand. International Journal of Production Economics, 133(1), 470-480. https://doi.org/10.1016/j.ijpe.2009.10.032

Vancouver

Strijbosch LWG, Syntetos AA, Boylan J, Janssen E. On the interaction between forecasting and stock control: the case of non-stationary demand. International Journal of Production Economics. 2011 Sept 1;133(1):470-480. doi: 10.1016/j.ijpe.2009.10.032

Author

Strijbosch, Leo W.g. ; Syntetos, Aris A. ; Boylan, John et al. / On the interaction between forecasting and stock control : the case of non-stationary demand. In: International Journal of Production Economics. 2011 ; Vol. 133, No. 1. pp. 470-480.

Bibtex

@article{bcdcaca7191f41908aabae994df35f25,
title = "On the interaction between forecasting and stock control: the case of non-stationary demand",
abstract = "The effect of using estimated (forecast) demand parameters on the performance of an inventory control system is an intriguing and important subject. Recent research has been undertaken on this phenomenon assuming stationary demand data. In this paper we extend the research to non-stationary demands, by means of simulation. The case of a periodic order-up-to-level inventory system is considered and the experimental structure allows us to evaluate in a progressive manner the accumulated effect of using the optimal forecasting method, optimal forecast parameters and correct variance expression procedures. The results allow insights to be gained into operational issues and demonstrate the scope for improving stock control systems.",
keywords = "Forecasting, Stock control, Periodic review, Non-stationary demand, Simulation",
author = "Strijbosch, {Leo W.g.} and Syntetos, {Aris A.} and John Boylan and Elleke Janssen",
year = "2011",
month = sep,
day = "1",
doi = "10.1016/j.ijpe.2009.10.032",
language = "English",
volume = "133",
pages = "470--480",
journal = "International Journal of Production Economics",
issn = "0925-5273",
publisher = "Elsevier Science B.V.",
number = "1",

}

RIS

TY - JOUR

T1 - On the interaction between forecasting and stock control

T2 - the case of non-stationary demand

AU - Strijbosch, Leo W.g.

AU - Syntetos, Aris A.

AU - Boylan, John

AU - Janssen, Elleke

PY - 2011/9/1

Y1 - 2011/9/1

N2 - The effect of using estimated (forecast) demand parameters on the performance of an inventory control system is an intriguing and important subject. Recent research has been undertaken on this phenomenon assuming stationary demand data. In this paper we extend the research to non-stationary demands, by means of simulation. The case of a periodic order-up-to-level inventory system is considered and the experimental structure allows us to evaluate in a progressive manner the accumulated effect of using the optimal forecasting method, optimal forecast parameters and correct variance expression procedures. The results allow insights to be gained into operational issues and demonstrate the scope for improving stock control systems.

AB - The effect of using estimated (forecast) demand parameters on the performance of an inventory control system is an intriguing and important subject. Recent research has been undertaken on this phenomenon assuming stationary demand data. In this paper we extend the research to non-stationary demands, by means of simulation. The case of a periodic order-up-to-level inventory system is considered and the experimental structure allows us to evaluate in a progressive manner the accumulated effect of using the optimal forecasting method, optimal forecast parameters and correct variance expression procedures. The results allow insights to be gained into operational issues and demonstrate the scope for improving stock control systems.

KW - Forecasting

KW - Stock control

KW - Periodic review

KW - Non-stationary demand

KW - Simulation

U2 - 10.1016/j.ijpe.2009.10.032

DO - 10.1016/j.ijpe.2009.10.032

M3 - Journal article

VL - 133

SP - 470

EP - 480

JO - International Journal of Production Economics

JF - International Journal of Production Economics

SN - 0925-5273

IS - 1

ER -