Evaluating Forecast Performance in an Inventory Control System

This paper analyzes the impact of forecasting on inventory decisions in a large physical distribution system. Alternative forecasting models are evaluated by developing tradeoff curves between inventory investment and customer service. The results demonstrate that the choice of forecasting model is an important factor in determining the amount of investment needed to support any target level of customer service.

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Year of publication:	1990
Authors:	Gardner, Everette S.
Published in:	Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 36.1990, 4, p. 490-499
Publisher:	Institute for Operations Research and the Management Sciences - INFORMS
Subject:	forecasting \| time series \| applications \| inventory/production \| parametric analysis \| simulation: applications \| military: logistics

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Extent:	application/pdf
Type of publication:	Article
Other identifiers:	10.1287/mnsc.36.4.490 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009209407