Forecasting Intermittent Demand Based On Grey Theory
A majority of the range of products held by stockists exhibit intermittent demand.Products with intermittent demand are usually very important for enterprises, wholesalers and retailers. Since excess inventory leads to high holding costs and stock outs can have a great impact on operations performance,there is great need for accurate demand forecasting in inventory management.However, intermittent demand, which appears at random with some time periods having no demand at at, is especially difficult to forecast for its available demand history is usually very short. Several methods have been developed, but most based on one or some specific assumption.This paper uses a new approach based on Grey Theory to address the issue without any assumption.And it is proved that this method does well in forecasting intermittent demand.
inventory control forecasting intermittent demand Grey theory
Zhang Jiantong Lv Biyu
School of Economics and Management Tongji University Shanghai,China
国际会议
长沙
英文
1001-1004
2009-10-10（万方平台首次上网日期，不代表论文的发表时间）