Forecasting for Inventory Control: An Example of When “Simple” Means “Better”

Rochelle Cohen and Fraser Dunford
Additional contact information
Rochelle Cohen: Department of Mathematics and Science, City Polytechnic of Hong Kong, Argyle Centre, Tower II, 700 Nathan Road, Mongkok, Kowloon, Hong Kong
Fraser Dunford: Management Science Group, Esso Petroleum Canada, 55 St. Clair Avenue West, Toronto, Ontario M5W 2J8, Canada

Interfaces, 1986, vol. 16, issue 6, 95-99

Abstract: The Manitoba Telephone System (MTS) wanted to forecast demand for telephones in order to control the inventory in their phone centers. Although this appears to be a very straightforward problem, data difficulties made it impossible to use most of the common forecasting models. Nevertheless, the use of a very simple forecasting model resulted in an inventory reduction of 45 percent.

Keywords: industries: communications; forecasting: applications (search for similar items in EconPapers)
Date: 1986
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://dx.doi.org/10.1287/inte.16.6.95 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:16:y:1986:i:6:p:95-99

Access Statistics for this article

More articles in Interfaces from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().