Performance is an issue today in production management. Thus, every decision-maker within the production management system must make his own decisions in relation to local objectives which must be defined and valued consistently within the global objectives of the system. Based on this...

To provide valuable support for successful decision-making, managers needs a balanced set of financial and non-financial measures that represent different requirements, strategic goals, strategies, resources, and capabilities and the causal relationships between these domains. The balanced...

The public health system in India is vibrant in meeting the healthcare demands of the rural people through primary health centres (PHC). This study proposes a conceptual framework that examines the impact of healthcare professionals' perception about work place experiences which encompasses HRM...

Forecasting seasonal products can be difficult when the products are fairly new or highly variable. The Spring 2007 issue of Foresight contained a special feature on modeling seasonality in short time series. The articles addressed the issues of minimum sample size requirements and surveyed the...

Forecasting by temporal aggregation is the process of aggregating demands from higher-frequency to lower-frequency time buckets Ð for example, aggregating daily data to weekly Ð and using the aggregate time series to generate forecasts. This intuitively appealing approach will almost always...

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...

John and Aris distinguish between forecase-accuracy metrics, which measure the errors resulting from a forecast method, and accuracy-implication metrics, which measure the achievement of the organization's stockholding and service-level goals. Both measurements are important. The correct choice...

ABC classifications are commonly used to streamline a large number of SKUs into fewer, more manageable categories. As Aris, John, and Ruud explain, this classification may be useful for inventory control, but it does not provide much help in the selection of appropriate forecasting methods. The...

Intermittent demand is characterized by occasional demand arrivals interspersed by time intervals during which no demand occurs. These demand patterns pose considerable difficulties in terms of forecasting and stock control due to their compound nature, which implies variability both in terms of...