International Journal of Supply Chain Management
Vol 4, No 2 (2015): International Journal of Supply Chain Management (IJSCM)

A Model for Forecasting Dependent Demand in Inventory Replenishment Processes

Ismail Civelek (Western Kentucky University)

Article Info

Publish Date
29 Jun 2015

Abstract

We study a capacitated multi-period, multi-product inventory problem under a finite horizon. Our main goal is to understand the impacts of evolution of forecasts for demand streams for multiple products on inventory replenishment decisions. We provide an input modelling technique to model such complex inventory management problem and offer research questions for future investigations. Our main contribution is analysing a complex but very practical problem in inventory management for multiple products and multi-periods when demand streams are dependent of each other and forecasting the demand requires simulation and updating over the finite planning period.

Copyrights © 2015




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Journal Info
International Journal of Supply Chain Management
Website

Abbrev

IJSCM

Publisher

ExcelingTech

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...