Efficiency of Past stock movement simulation in intermittent demand stock control

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60461373%3A22340%2F11%3A43891943" target="_blank" >RIV/60461373:22340/11:43891943 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Efficiency of Past stock movement simulation in intermittent demand stock control

Original language description

In this paper we present the efficiency measurement study of past stock movement simulation designed for the stock management of products with intermittent demand. The proposed simulation is able to provide the combination of controlled parameters (reorder stock level + order quantity/order-up-to level) included in two frequently used stock management policies (Q-system, PQ-system) which guarantees the minimal stock holding and ordering costs and the required fill rate. To obtain reorder stock level single exponential smoothing, Croston's method, the modification of Croston's method, the method of Smart and the total enumeration are considered. When tested on 5730 real intermittent demand series from automotive industry we conclude, the total enumeration used in the past stock movement simulation to calculate reorder stock level leads to the lowest stock holding and represents robust approach in intermittent demand stock control in term of increasing intermittence and lumpiness.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

BB - Applied statistics, operational research

OECD FORD branch

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Project

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Continuities

Z - Vyzkumny zamer (s odkazem do CEZ)

Publication year

2011

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Scientific Papers of the University of Pardubice

ISSN

1211-555X

e-ISSN

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Volume of the periodical

16

Issue of the periodical within the volume

21

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

12

Pages from-to

31-42

UT code for WoS article

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EID of the result in the Scopus database

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