Stock control with sporadic and slow-moving demand


Williams, T.M. (1984) Stock control with sporadic and slow-moving demand. Journal of the Operational Research Society, 35, (10), 939-948.

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Description/Abstract

Choosing a stock-control method for a product depends on that product's demand distribution. This paper presents a simple method of classifying product demand into `smooth', `slow-moving' or `sporadic', by partitioning the variance of demand during a lead time into causal parts. A study of a public utility showed demand distributions in each category to be of a specific nature. Stock-control and forecasting methods are developed, and simulation tests are described which compare these methods with (for ease of comparison) the assumption of continuous demand.

Item Type: Article
Additional Information: Theoretical Papers
ISSNs: 0160-5682 (print)
Related URLs:
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HB Economic Theory
Divisions: University Structure - Pre August 2011 > School of Management
ePrint ID: 36866
Date Deposited: 01 Mar 2007
Last Modified: 27 Mar 2014 18:23
Contact Email Address: t.williams@soton.ac.uk
URI: http://eprints.soton.ac.uk/id/eprint/36866

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