DEMAND CATEGORISATION, FORECASTING, AND INVENTORY CONTROL FOR INTERMITTENT DEMAND ITEMS

Authors

  • E. Babiloni Department of Management Polytechnic, University of Valencia
  • M. Card Department of Management Polytechnic, University of Valencia
  • J. M. Albarrac Department of Management Polytechnic, University of Valencia
  • M.E. Palmer Department of Management Polytechnic, University of Valencia

DOI:

https://doi.org/10.7166/21-2-54

Keywords:

Croston?s method, categorisation of the demand pattern, stock control methods,

Abstract

ENGLISH ABSTRACT: It is commonly assumed that intermittent demand appears randomly, with many periods without demand; but that when it does appear, it tends to be higher than unit size. Basic and well-known forecasting techniques and stock policies perform very poorly with intermittent demand, making new approaches necessary. To select the appropriate inventory management policy, it is important to understand the demand pattern for the items, especially when demand is intermittent. The use of a forecasting method designed for an intermittent demand pattern, such as Croston

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Published

2011-11-05

How to Cite

Babiloni, E., Card, M., Albarrac, J. M., & Palmer, M. (2011). DEMAND CATEGORISATION, FORECASTING, AND INVENTORY CONTROL FOR INTERMITTENT DEMAND ITEMS. The South African Journal of Industrial Engineering, 21(2). https://doi.org/10.7166/21-2-54

Issue

Vol. 21 No. 2 (2010)

Section

General Articles

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