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SALES FORECASTING ERRORS AND INVENTORY FLUCTUTIONS: RANDOM ERRORS AND RANDOM SALES

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Publicado en:Management Science (pre-1986) vol. 12, no. 5 (Jan 1966), p. 448-456
Autor principal: Thompson, Howard E
Publicado:
Institute for Operations Research and the Management Sciences
Materias:
Production planning
Sales forecasting
Inventory
Standard deviation
Simulation
Random variables
Probability distribution
Expected values
Acceso en línea:Citation/Abstract
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Resumen:The purpose of this paper is to study the effects of errors in the sales forecast on inventory changes and production rates. This is done by computing the ratio of the standard deviation of inventory change or production rate to the standard deviation of sales rate. By use of this ratio the effects of the average forecast error, the variance of the forecast error, and the serial correlation of sales can be studied. Both analytical method and simulation procedures are used.
ISSN:0025-1909
1526-5501
Fuente:ABI/INFORM Global