Demand Forecasting for Inventory Control

Demand Forecasting for Inventory Control

by Nick T. Thomopoulos

Paperback(Softcover reprint of the original 1st ed. 2015)

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Product Details

ISBN-13: 9783319385679
Publisher: Springer International Publishing
Publication date: 11/11/2016
Edition description: Softcover reprint of the original 1st ed. 2015
Pages: 183
Product dimensions: 6.10(w) x 9.25(h) x 0.02(d)

About the Author

Nick T. Thomopoulos is professor emeritus at the Illinois Institute of Technology.He is the author of nine books, including: Applied Forecasting Methods, Prentice Hall, Strategic Inventory Management and Planning, Hitchcock, Essentials of Monte Carlo Simulation, Springer, and Production, Inventory and the Supply Chain, Atlantic Publishers.He has over 100 publications and presentations to his credit, and for many years, he has consulted in a wide variety of industries in the United States, Europe and Asia. Nick received honors over the years, such as the Rist Prize from the Military Operations Research Society, the Distinguished Professor Award in Bangkok, Thailand from the IIT Asian Alumni Association, and the Professional Achievement Award from the IIT Alumni Association.

Table of Contents

Introduction.- Demand History.- Horizontal Forecasts.- Trend Forecasts.- Seasonal Forecasts.- Promotion Forecasts.- Multi SKU Forecasts.- Forecast Sensitivity.- Filtering Outliers.- Standard Normal and Truncated Normal Distributions.- Safety Stock.- Auxiliary Forecasts.

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