The periodic (T,s,S) policies have received considerable attention from the academic literature. Determination of the optimal parameters is computationally prohibitive, and a number of heuristic procedures have been put forward. However, these heuristics have never been compared in an extensive...

The standard method to forecast intermittent demand is that by Croston. This method is available in ERP-type solutions such as SAP and specialised forecasting software packages (e.g. Forecast Pro), and often applied in practice. It uses exponential smoothing to separately update the estimated...

Spare parts are known to be associated with intermittent demand patterns and such patterns cause considerable problems with regards to forecasting and stock control due to their compound nature that renders the normality assumption invalid. Compound distributions have been used to model...