Lead Time demand for Simple Exponential Smoothing.

A new simple formula is found to correct the underestimation of the standard deviation for total lead time demand when using simple exponential smoothing. This new formula allows one to see readily the significant size of the underestimation of the traditional formula and can easily be implemented in practice. The formula is derived by using a state space model for simple exponential smoothing.

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Year of publication:	1998
Authors:	Snyder, R.D. ; Koehler, A.B. ; Ord, J.K.
Institutions:	Department of Econometrics and Business Statistics, Monash Business School
Subject:	EVALUATION

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Series:	Monash Econometrics and Business Statistics Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 13/98 11 pages
Classification:	C12 - Hypothesis Testing ; C13 - Estimation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005149115