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Periodic control of intermittent demand items: theory and empiricial analysis

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

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Periodic control of intermittent demand items: theory and empiricial analysis. / Syntetos, A; Babai, M; Dallery, Y et al.
In: Journal of the Operational Research Society, Vol. 60, No. 5, 05.2009, p. 611-618.

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

Harvard

Syntetos, A, Babai, M, Dallery, Y & Teunter, RH 2009, 'Periodic control of intermittent demand items: theory and empiricial analysis', Journal of the Operational Research Society, vol. 60, no. 5, pp. 611-618. https://doi.org/10.1057/palgrave.jors.2602593

APA

Syntetos, A., Babai, M., Dallery, Y., & Teunter, R. H. (2009). Periodic control of intermittent demand items: theory and empiricial analysis. Journal of the Operational Research Society, 60(5), 611-618. https://doi.org/10.1057/palgrave.jors.2602593

Vancouver

Syntetos A, Babai M, Dallery Y, Teunter RH. Periodic control of intermittent demand items: theory and empiricial analysis. Journal of the Operational Research Society. 2009 May;60(5):611-618. doi: 10.1057/palgrave.jors.2602593

Author

Syntetos, A ; Babai, M ; Dallery, Y et al. / Periodic control of intermittent demand items: theory and empiricial analysis. In: Journal of the Operational Research Society. 2009 ; Vol. 60, No. 5. pp. 611-618.

Bibtex

@article{3a2d1db15e8049f9aa51a991d2f89f13,
title = "Periodic control of intermittent demand items: theory and empiricial analysis",
abstract = "In this paper we propose a modification to the standard forecasting, periodic order-up-to-level inventory control approach to dealing with intermittent demand items, when the lead-time length is shorter than the average inter-demand interval. In particular, we develop an approach that relies upon the employment of separate estimates of the inter-demand intervals and demand sizes, when demand occurs, directly for stock control purposes rather than first estimating mean demand and then feeding the results in the stock control procedure. The empirical performance of our approach is assessed by means of analysis on a large demand data set from the Royal Air Force (RAF, UK). Our work allows insights to be gained on the interactions between forecasting and stock control as well as on demand categorization-related issues for forecasting and inventory management purposes.",
keywords = "intermittent demand, forecasting, periodic stock control , military logistics , lead-time",
author = "A Syntetos and M Babai and Y Dallery and Teunter, {R H}",
year = "2009",
month = may,
doi = "10.1057/palgrave.jors.2602593",
language = "English",
volume = "60",
pages = "611--618",
journal = "Journal of the Operational Research Society",
issn = "1476-9360",
publisher = "Taylor and Francis Ltd.",
number = "5",

}

RIS

TY - JOUR

T1 - Periodic control of intermittent demand items: theory and empiricial analysis

AU - Syntetos, A

AU - Babai, M

AU - Dallery, Y

AU - Teunter, R H

PY - 2009/5

Y1 - 2009/5

N2 - In this paper we propose a modification to the standard forecasting, periodic order-up-to-level inventory control approach to dealing with intermittent demand items, when the lead-time length is shorter than the average inter-demand interval. In particular, we develop an approach that relies upon the employment of separate estimates of the inter-demand intervals and demand sizes, when demand occurs, directly for stock control purposes rather than first estimating mean demand and then feeding the results in the stock control procedure. The empirical performance of our approach is assessed by means of analysis on a large demand data set from the Royal Air Force (RAF, UK). Our work allows insights to be gained on the interactions between forecasting and stock control as well as on demand categorization-related issues for forecasting and inventory management purposes.

AB - In this paper we propose a modification to the standard forecasting, periodic order-up-to-level inventory control approach to dealing with intermittent demand items, when the lead-time length is shorter than the average inter-demand interval. In particular, we develop an approach that relies upon the employment of separate estimates of the inter-demand intervals and demand sizes, when demand occurs, directly for stock control purposes rather than first estimating mean demand and then feeding the results in the stock control procedure. The empirical performance of our approach is assessed by means of analysis on a large demand data set from the Royal Air Force (RAF, UK). Our work allows insights to be gained on the interactions between forecasting and stock control as well as on demand categorization-related issues for forecasting and inventory management purposes.

KW - intermittent demand

KW - forecasting

KW - periodic stock control

KW - military logistics

KW - lead-time

U2 - 10.1057/palgrave.jors.2602593

DO - 10.1057/palgrave.jors.2602593

M3 - Journal article

VL - 60

SP - 611

EP - 618

JO - Journal of the Operational Research Society

JF - Journal of the Operational Research Society

SN - 1476-9360

IS - 5

ER -