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In this paper, we discuss and compare empirically various ways of computing multistep quantile forecasts of demand, with a special emphasis on the use of the quantile regression methodology. Such forecasts constitute a basis for production planning and inventory management in logistic systems...
Persistent link: https://www.econbiz.de/10012932647
In this paper, we re-examine the exponential smoothing model in the context of its use in supply chain and logistics forecasting when supply chain or logistics costs are measured by the doubly linear (LINLIN) loss function of errors of demand forecasts. The parameters of our models are optimized...
Persistent link: https://www.econbiz.de/10012932817
Vendor Managed Inventory (VMI) contracts are anchored on a fill rate at which the vendor is expected to meet the end-customer demands. Violations of this contracted fill rate due to excess and insufficient inventory are both penalized, often in a linear, but asymmetric manner. To minimize these...
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