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The Croston (1972. Forecasting and stock control for intermittent demands. Operational Research Quarterly 23, 289-303) method is the standard method for forecasting intermittent demand. It has been shown to perform well in various studies and is available in most commercial forecasting packages....
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Croston's forecasting method (CR) has been shown to be appropriate in dealing with intermittent demand items. The method, however, suffers from a positive bias as discussed by Syntetos and Boylan [Syntetos, A.A., Boylan, J.E., 2005a. The accuracy of intermittent demand estimates. International...
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The existing literature on inventory of deteriorating items considers deterioration to begin as soon as the items are stocked. However, there are several deteriorating items that do not start deteriorating immediately they are held in stock. Some farm produce like potatoes, yams and even some...
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Many inventory control studies consider either continuous review and continuous ordering, or periodic review and periodic ordering. Mixtures of the two are hardly ever studied. However, the model with periodic review and continuous ordering is highly relevant in practice, as information on the...
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Intermittent demand items account collectively for considerable proportions of the total stock value of any organization. Forecasting the relevant inventory requirements constitutes a very difficult task and most work in this area is based on Croston’s estimator that relies upon exponentially...
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In this paper, we investigate the effect of remanufacturing on capacity and production decisions. Inspired by the situation for a specific car company, we analyze a two-period model with manufacturing in both periods and the option in the second period to remanufacture products that are...
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