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Stock control with sporadic and slow-moving demand

Stock control with sporadic and slow-moving demand
Stock control with sporadic and slow-moving demand
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.
0160-5682
939-948
Williams, T.M.
97ef61a6-84e3-4490-8c06-61cad1b729e3
Williams, T.M.
97ef61a6-84e3-4490-8c06-61cad1b729e3

Williams, T.M. (1984) Stock control with sporadic and slow-moving demand. Journal of the Operational Research Society, 35 (10), 939-948. (doi:10.1057/jors.1984.185).

Record type: Article

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.

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Published date: 1984
Additional Information: Theoretical Papers
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Identifiers

Local EPrints ID: 36866
URI: http://eprints.soton.ac.uk/id/eprint/36866
DOI: doi:10.1057/jors.1984.185
ISSN: 0160-5682
PURE UUID: 47a91356-8ef9-4706-9927-cf92a2035871

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Date deposited: 01 Mar 2007
Last modified: 15 Mar 2024 07:57

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Author: T.M. Williams

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