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Forecasting for Items with Intermittent Demand

โœ Scribed by F. R. Johnston and J. E. Boylan

Book ID
121373214
Publisher
Palgrave Publishers Ltd.
Year
1996
Tongue
English
Weight
332 KB
Volume
47
Category
Article
ISSN
0160-5682

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Croston's method is widely used to predict inventory demand when it is intermittent. However, it is an ad hoc method with no properly formulated underlying stochastic model. In this paper, we explore possible models underlying Croston's method and three related methods, and we show that any underlyi