Evaluating Forecast Performance in an Inventory Control System

This paper analyzes the impact of forecasting on inventory decisions in a large physical distribution system. Alternative forecasting models are evaluated by developing tradeoff curves between inventory investment and customer service. The results demonstrate that the choice of forecasting model is an important factor in determining the amount of investment needed to support any target level of customer service.

• 저널Management Science · 36(4) · 490–499
• 토픽Forecasting Techniques and Applications · Management Science and Operations Research
• DOI10.1287/mnsc.36.4.490
• 저자Everette S. Gardner