๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

A stochastic model for forecast consumption in master scheduling

โœ Scribed by P.J. Weeda

Publisher
Elsevier Science
Year
1994
Tongue
English
Weight
321 KB
Volume
35
Category
Article
ISSN
0925-5273

No coin nor oath required. For personal study only.

โœฆ Synopsis

This paper describes a stochastic model for the reduction of the initial forecast in the Master Schedule (MS) of an MRP system during progress of time by the acceptance of customer orders.

Results are given for the expectation and variance of the number of yet unknown deliveries as a function of futurity within the planning horizon. The expectation will be a measure for the forecast. The result for the variance is a measure for the forecasting error and may act as a basis for the amount of safety stock or available to promise, to project in the MS.

๐Ÿ“œ SIMILAR VOLUMES

A simple forecasting model for industria
A simple forecasting model for industrial electric energy consumption
โœ Abdallah Al-Shehri ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 91 KB ๐Ÿ‘ 2 views

A single-equation model is developed and employed for forecasting industrial electric energy consumption in the Saudi Consolidated Electric Company in the Eastern Province (SCECO-East) of Saudi Arabia. SCECO-East's industrial loads are composed mainly of oil-related and petrochemical industries. Eve

A solution method for consumption decisi
A solution method for consumption decisions in a dynamic stochastic general equilibrium model
โœ J.A. Sefton ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 226 KB

In this paper we describe a numerical solution of the consumer's life-cycle problem based on value function iteration. The advantage of our approach is that it retains the versatility of the value function iteration approach and achieves a high degree of accuracy without resorting to the very comput