| Author: | Flores, B.E. Olson, D.L. Pearce, S.L. |
| Title: | Use of cost and accuracy measures in forecasting method selection. |
| Journal: | International Journal of Production Research
1993 : JAN, VOL. 31:1, p. 139-160 |
| Index terms: | |
| Freeterms: | LAGERPLANUNG, PROGNOSEMETHODEN, PHYSICAL DISTRIBUTION |
| Language: | eng |
| Abstract: | A difficult inventory control decision is that encountered by alectronics warehouses. Electronic componet distributors face high variability in demand, a lack of sufficient historical data and short product life cycles. Accurate forecasting for such a data set is of major importance. Four forecasting approaches are tested: single exponential smoothing with different smoothing constants as well as double exponential smoothing, adaptive response rate exponential smoothing and the median of the historical data. |
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