Evaluation of Forecast Methods in an Inventory Management System - An Empirical Study.

Abstract

Empirical evidence based on Army wholesale demand data is presented indicating that traditional error measures such as mean squared error and mean absolute deviation do not necessarily relate to performance in an inventory management system. An alternative method is given which performed well when compared with simulation results. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1981
Accession Number
ADA107894

Entities

People

  • Edwin P. Gotwals Iii

Tags

Communities of Interest

  • Materials and Manufacturing Processes
  • Weapons Technologies

DTIC Thesaurus Topics

  • Air Force
  • Algorithms
  • Computer Science
  • Control Knobs
  • Databases
  • Engineering
  • Industrial Engineering
  • Inventory
  • Kalman Filters
  • Lead Time
  • Logistics
  • Logistics Management
  • Management Engineering
  • Simulations
  • Simulators
  • Systems Analysis
  • Turbines

Readers

  • Computational Modeling and Simulation
  • Logistics and Supply Chain Management.