Assessing the Cost of Forecast Error: A Practical Example

Peter provides a detailed tutorial on the costs associated with forecast errors. His procedure considers inventory costs, including safety stock, as well as the costs of lost sales attributable to poor service (out-of stock). He shows how the cost of forecast error (CFE) can be used to determine appropriate safety stock levels. Copyright International Institute of Forecasters, 2007

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Year of publication:	2007
Authors:	Catt, Peter Maurice
Published in:	Foresight: The International Journal of Applied Forecasting. - International Institute of Forecasters - IIF. - 2007, 7, p. 5-10
Publisher:	International Institute of Forecasters - IIF

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005729486