Using imperfect advance demand information in forecasting
نویسندگان
چکیده
منابع مشابه
Using imperfect advance demand information in ordering and rationing decisions
In this paper, we consider an inventory problem with two demand classes having different priorities. The appropriate policy of rationing the available stock, i.e. reserving some stock for meeting prospective future demand of preferred customers at the expense of deliberately losing some of the currently materialized demand of lower demand class(es), relies on the estimation of the future demand...
متن کاملUsing Imperfect Advance Demand Information in Production-Inventory Systems with Multiple Customer Classes
We consider a make-to-stock supplier who operates a production facility with limited capacity. The supplier receives orders from customers belonging to several demand classes. Some of the customer classes share advance demand information with the supplier by announcing their orders ahead of their due date. However, this advance demand information is not perfect because the customer may decide t...
متن کاملAdvance Demand Information
To control a production-inventory system, a manager has to consider the variability in demand as well as variability in her production process. Both types of variability corrupt system performance and by alleviating either of them, the manager can improve the performance of the system. There has been a recent trend towards investing in better information systems to provide better advance demand...
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We consider an inventory control problem where it is possible to collect some imperfect information on future demand. We refer to such information as imperfect Advance Demand Information (ADI), which may occur in different forms of applications. A simple example is a company that uses sales representatives to market its products, in which case the collection of sales representatives’ informatio...
متن کاملAdvance Demand Information in a Multiproduct System
I this paper we examine the impact of different types of advance demand information on firm profit and on the benefits of resource flexibility. Specifically, we consider a firm that must choose capacities of resources that will be used to satisfy stochastic demand for multiple products, where demands follow a multivariate normal distribution. Prior to the capacity decision, the firm receives in...
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ژورنال
عنوان ژورنال: IMA Journal of Management Mathematics
سال: 2008
ISSN: 1471-678X,1471-6798
DOI: 10.1093/imaman/dpn002