Managing intermittent demand /

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Bibliographic Details
Author / Creator:Engelmeyer, Torben, author.
Imprint:Fachmedien : Springer Gabler, 2016.
Description:1 online resource
Language:English
Series:Springer Gabler Research
Springer Gabler research.
Subject:Inventory control -- Mathematical models.
Inventories -- Management.
BUSINESS & ECONOMICS -- Management.
BUSINESS & ECONOMICS -- Reference.
BUSINESS & ECONOMICS -- Skills.
Inventories -- Management.
Inventory control -- Mathematical models.
Electronic books.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11255399
Hidden Bibliographic Details
ISBN:9783658140625
3658140623
3658140615
9783658140618
9783658140618
Digital file characteristics:text file PDF
Notes:Includes bibliographical references.
Online resource; title from PDF title page (EBSCO, viewed May 18, 2016).
Summary:This work aims to increase the service level and to reduce the inventory costs by combining the forecast and inventory model into one consistent forecast-based inventory model. This new model is based on the prediction of the future probability distribution by assuming an integer-valued autoregressive process as demand process. The developed algorithms can be used to identify, estimate, and predict the demand as well as optimize the inventory decision of intermittent demand series. In an extensive simulation study the new model is compared with a wide range of conventional forecast/inventory model combinations. By using the consistent approach, the mean inventory level is lowered whereas the service level is increased. Additionally, a modern multi-criteria inventory classification scheme is presented to distinguish different demand series clusters. Contents Classification Approaches to Identify Intermittent Demand Series Consistent Forecast-Based Inventory Model Extensive Comparison of the Inventory Performance Among Different Forecast/Inventory Model Combinations Target Group Students and researchers interested in business analytics and operations management Inventory managers and supply chain experts The Author Dr. Torben Engelmeyer works as a research assistant at the chair of International Economics - University of Wuppertal, Germany.
Other form:Print version: Engelmeyer, Torben. Managing Intermittent Demand. Wiesbaden : Springer Fachmedien Wiesbaden, ©2016 9783658140618
Standard no.:10.1007/978-3-658-14062-5