Another look at estimators for intermittent demand

Allbwn ymchwil: Cyfraniad at gyfnodolynErthygladolygiad gan gymheiriaid

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Dangosydd eitem ddigidol (DOI)

  • Fotios Petropoulos
    School of Healthcare Sciences, Cardiff University
  • Nikolas Kourentzes
    Lancaster University
  • Konstantinos Nikolopoulos
In this paper we focus on forecasting for intermittent demand data. We propose a new aggregation framework for intermittent demand forecasting that performs aggregation over the demand volumes, in contrast to the standard framework that employs temporal (over time) aggregation. To achieve this we construct a transformed time series, the inverse intermittent demand series. The
new algorithm is expected to work best on erratic and lumpy demand, as a result of the variance reduction of the non-zero demands. The improvement in forecasting performance is empirically demonstrated through an extensive evaluation in more than 8,000 time series of two well-researched spare parts data sets from the automotive and defence sectors. Furthermore, a simulation is performed so as to provide a stock-control evaluation. The proposed framework could nd popularity among practitioners given its suitability when dealing with clump sizes. As such it could be used in conjunction with existing popular forecasting methods for intermittent demand as an exception handling mechanism when certain types of demand are observed.
Iaith wreiddiolSaesneg
Tudalennau (o-i)154-161
CyfnodolynInternational Journal of Production Economics
Cyfrol181
Rhif y cyfnodolynPart A
Dyddiad ar-lein cynnar21 Ebr 2016
Dynodwyr Gwrthrych Digidol (DOIs)
StatwsCyhoeddwyd - 1 Tach 2016

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