Evaluating Forecast Performance in an Inventory Control System

Everette S. Gardner
Additional contact information
Everette S. Gardner: College of Business Administration, University of Houston, Houston, Texas 77204--6282

Management Science, 1990, vol. 36, issue 4, 490-499

Abstract: This paper analyzes the impact of forecasting on inventory decisions in a large physical distribution system. Alternative forecasting models are evaluated by developing tradeoff curves between inventory investment and customer service. The results demonstrate that the choice of forecasting model is an important factor in determining the amount of investment needed to support any target level of customer service.

Keywords: forecasting; time series; applications; inventory/production; parametric analysis; simulation: applications; military: logistics (search for similar items in EconPapers)
Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (56)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.36.4.490 (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:ormnsc:v:36:y:1990:i:4:p:490-499

Access Statistics for this article

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