Forecasting Systems for Production and Inventory Control

Forecasting Systems for Production and Inventory Control Quantitative forecasting techniques see their greatest applicationas part of production and inventory systems. Perhaps unfortunately, theproblem has been left to systems analysts while the professionalsocieties have contented themselves with exhortations to improveforecasting, neglecting recent developments from forecasting research.However, improvements in accuracy have a direct and often substantialfinancial impact. This article shows how the production and inventorycontrol forecasting problem differs from other forecasting applicationsin its use of information and goes on to consider the characteristics ofinventory type data. No single forecasting method is suited to all dataseries and the article then discusses how recent developments inforecasting methodology can improve accuracy. Considers approaches toextending the database beyond just the timeseries history of the dataseries. Concludes with a discussion of an idealforecasting system and how far removed many popular programs used inproduction and inventory control are from this ideal. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Operations & Production Management Emerald Publishing

Forecasting Systems for Production and Inventory Control

Loading next page...
 
/lp/emerald-publishing/forecasting-systems-for-production-and-inventory-control-wdg3KG6lHK
Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0144-3577
DOI
10.1108/01443579210011381
Publisher site
See Article on Publisher Site

Abstract

Quantitative forecasting techniques see their greatest applicationas part of production and inventory systems. Perhaps unfortunately, theproblem has been left to systems analysts while the professionalsocieties have contented themselves with exhortations to improveforecasting, neglecting recent developments from forecasting research.However, improvements in accuracy have a direct and often substantialfinancial impact. This article shows how the production and inventorycontrol forecasting problem differs from other forecasting applicationsin its use of information and goes on to consider the characteristics ofinventory type data. No single forecasting method is suited to all dataseries and the article then discusses how recent developments inforecasting methodology can improve accuracy. Considers approaches toextending the database beyond just the timeseries history of the dataseries. Concludes with a discussion of an idealforecasting system and how far removed many popular programs used inproduction and inventory control are from this ideal.

Journal

International Journal of Operations & Production ManagementEmerald Publishing

Published: May 1, 1992

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off