Demand Forecasting for Inventory Control
Nick T. Thomopoulos ()
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Nick T. Thomopoulos: Illinois Institute of Technology
Chapter 1 in Demand Forecasting for Inventory Control, 2015, pp 1-10 from Springer
Abstract:
Abstract Management is continually faced with a fast-paced flow of business planning and decision-making situations. A forecast of some type is used as a basis to meet many of these needs, whereby, the more reliable the forecasts Forecasts , the better the outcome for the planning and decisions. Forecasting has plagued management for centuries, but now, with the advancement in computers, forecasting methods that previously were impossible to explore are currently achievable.
Keywords: Distribution Center; Forecast Method; Demand Forecast; Exponential Smoothing; Demand Pattern (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-11976-2_1
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DOI: 10.1007/978-3-319-11976-2_1
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