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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/8317

Title: A simulation-optimisation framework for determining a best strategy in inventory decision making and demand forecasting for intermittent demand
Authors: RAMAEKERS, Katrien
JANSSENS, Gerrit
Issue Date: 2007
Publisher: EUROSIS
Citation: Sklenar, J & Tanguy, A & Bertelle, C & Fortino, G (Ed.) EUROPEAN SIMULATION AND MODELLING CONFERENCE 2007. p. 249-254.
Abstract: Demand forecasting is one or the most crucial as. pects of inventory management. For intermittent demand, i.e. demand peaks Follow several periods of zero or low demands, forecasting is difficult. Furthermore, uncertainty in supply is often not taken into account. A simulation model is used to study a single-product inventory system facing demand of the, intermittent; type and dealing with an unreliable supplier. In this paper, a research approach is described to Ad a best strategy hi combining inventory decision making and demand forecasting for intermittent demand.
Notes: Hasselt Univ, Transportat Res Inst, Diepenbeek, B-3590 Belgium.
URI: http://hdl.handle.net/1942/8317
ISI #: 000255638600038
ISBN: 978-90-77381-36-6
Category: C1
Type: Proceedings Paper
Validation: ecoom, 2009
Appears in Collections: Research publications

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