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 |
| Item ID: | 36866 |
| Date Deposited: | 01 Mar 2007 |
| Last Modified: | 01 Jun 2011 16:40 |
| Contributors: | Williams, T.M. (Author) |
| Date: | 1984 |
| Additional Information: | Theoretical Papers |
| Status: | Published |
| Contact Email Address: | t.williams@soton.ac.uk |
| URI: | http://eprints.soton.ac.uk/id/eprint/36866 |
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