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The standard method to forecast intermittent demand is that by Croston. This method is available in ERP type solutions such as SAP and specialised forecasting software packages (e.g. Forecast Pro), and often applied in practice. It uses exponential smoothing to separately update the estimated...
Persistent link: https://www.econbiz.de/10009450533
In forecasting and inventory control textbooks and software applications, the variance of the cumulative lead-time forecast error is, almost invariably, taken as the sum of the error variances of the individual forecast intervals. For stationary demand and a constant lead time, this implies...
Persistent link: https://www.econbiz.de/10011252468
In industrialised countries water service providers (WSPs) must provide an appropriate level of service with an acceptable performance at an acceptable cost to customers. In the UK a move towards sustainable development is now also a major goal for WSPs. However, the imposition of institutional...
Persistent link: https://www.econbiz.de/10009463238
When attempting to assess the relative sustainability of a process or practice, it is important to be able to use measures which are appropriate. Sustainability can be viewed at different levels. At one level for any given process, the closing of cycles in terms of resource use and outputs...
Persistent link: https://www.econbiz.de/10009463510
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There has been much recent research on the world distribution of income, but also growing recognition of the importance of other contributions to well-being, including those of household wealth. Wealth is important in providing security and opportunity, particularly in poorer countries that lack...
Persistent link: https://www.econbiz.de/10009011700
Effective tax and subsidy rates (ETRs and ESRs) on human capital investment via postsecondary education are estimated for Canada in the years 2000 and 2006. The flattening of the federal personal income tax structure in 2001 substantially reduced the tax disincentive for investment in human...
Persistent link: https://www.econbiz.de/10009267728
Davies et al. (2008, 2011) provided the first estimates of the global distribution of wealth, using 2000 as the benchmark year. These estimates have been revised and updated since 2010, and the purpose of this paper is to explain the ways in which the estimation methodology has evolved and...
Persistent link: https://www.econbiz.de/10011431792
Coastal cities around the world have experienced large costs from major flooding events in recent years. Climate change is predicted to bring an increased likelihood of flooding due to sea level rise and a higher frequency of severe storms. In order to plan future development and adaptation,...
Persistent link: https://www.econbiz.de/10011338694