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Author Lewis, C. D. (Colin David)
Title Demand forecasting and inventory control [electronic resource] : a computer aided learning approach / Colin D. Lewis
Imprint Cambridge, England : Woodhead Pub. in association with the Institute of Operations Management, c1997
book jacket
Descript xii, 157 p. : ill. ; 24 cm. + 1 computer disk (3 1/2 in.)
Note Includes bibliographical references and index
Forecasting - Demand forecasting and inventory control; Short-term forecasting for stationary demand situations; Short-term forecasting for growth and seasonality; Medium-term forecasting for growth and seasonality; The essential links between forecasting and inventory control; Inventory control: the re-order level inventory policy - Establishing the value for the re-order level; Establishing the size of the replenishment order; Examining the relationship between the re-order level and the replenishment quantity; Inventory control: the re-order cycle inventory policy - Establishing the review period and maximum stock level; Conclusion - Selecting the most appropriate inventory control policy
Electronic reproduction. Amsterdam : Elsevier Science & Technology, 2009. Mode of access: World Wide Web. System requirements: Web browser. Title from title screen (viewed on Dec. 3, 2009). Access may be restricted to users at subscribing institutions
This practical book covers the forecasting- and inventory control methods used in commercial, retail and manufacturing companies. Colin Lewis explains the theory and practice of current demand forecasting methods, the links between forecasts produced as a result of analysing demand data and the various methods by which this information, together with cost information on stocked items, is used to establish the controlling parameters of the most commonly used inventory control systems. The demand forecasting section of the book concentrates on the family of short-term forecasting models based on the exponentially weighted average and its many variants and also a group of medium-term forecasting models based on a time series, curve fitting approach. The inventory control sections investigate the re-order level policy and re-order cycle policy and indicate how these two processes can be operated at minimum cost while offering a high level of customer service. Covers both the theory and practice of current demand forecasting methods Is published in association with The Institute of Operations Management
Link Original 1855732416 9781855732414 (DLC) 98227907 (OCoLC)38425226
Subject Inventory control -- Data processing
Production management -- Forecasting -- Data processing
Supply and demand -- Forecasting -- Data processing
Inventory control
Supply and demand -- Forecasting
Voorraadbeheer. gtt
Productiemanagement. gtt
Prognoses. gtt
Vraag en aanbod. gtt
Electronic books. local
Alt Author Institute of Operations Management
ScienceDirect (Online service)
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