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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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.
|Additional Information:||Theoretical Papers|
|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
|Date Deposited:||01 Mar 2007|
|Last Modified:||27 Mar 2014 18:23|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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