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Stock control with sporadic and slow-moving demand

Record type: Article

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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Citation

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

More information

Published date: 1984
Additional Information: Theoretical Papers

Identifiers

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

Catalogue record

Date deposited: 01 Mar 2007
Last modified: 17 Jul 2017 15:43

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Contributors

Author: T.M. Williams

University divisions


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