Lead Time demand for Simple Exponential Smoothing
Ralph Snyder (),
A.B. Koehler and
Keith Ord ()
No 13/98, Monash Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics
A new simple formula is found to correct the underestimation of the standard deviation for total lead time demand when using simple exponential smoothing. This new formula allows one to see readily the significant size of the underestimation of the traditional formula and can easily be implemented in practice. The formula is derived by using a state space model for simple exponential smoothing.
Keywords: EVALUATION (search for similar items in EconPapers)
JEL-codes: C12 C13 (search for similar items in EconPapers)
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