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Exponential smoothing is often used to forecast lead-time demand for inventory control. In this paper, formulae are provided for calculating means and variances of lead-time demand for a wide variety of exponential smoothing methods. A feature of many of the formulae is that variances, as well...
Persistent link: https://www.econbiz.de/10005581115
It is a common practice to complement a forecasting method such as simple exponential smoothing with a monitoring …
Persistent link: https://www.econbiz.de/10005087610