Forecasting Intermittent Demand by Markov Chain Model
نویسندگان
چکیده
The inventory control of the products which have intermittent demand is essential for many organizations since these items have a low lead time demand but a high price. Since the intermittent demand pattern is irregular, the estimation of the lead time demand is challenging. A modified Markov chain model (MMCM) has been proposed for modeling and estimating intermittent demand data, motivated by a case study. The performance of MMCM and the traditional methods have been compared by accuracy measures. The results reveal that the proposed method is a good competitor or even better than other methods.
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تاریخ انتشار 2013