{"product_id":"managing-intermittent-demand-9783658140618","title":"Managing Intermittent Demand","description":"\u003cp\u003e • Author(s): Torben Engelmeyer\u003cbr\u003e • Publisher: Springer\u003cbr\u003e • Publisher Imprint: Springer Gabler\u003cbr\u003e • BISAC: Production \u0026amp; Operations Management\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Back Cover\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eThis work aims to increase the service level and to reduce the inventory costs by combining the forecast and inventory model into one consistent forecast-based inventory model. This new model is based on the prediction of the future probability distribution by assuming an integer-valued autoregressive process as demand process. The developed algorithms can be used to identify, estimate, and predict the demand as well as optimize the inventory decision of intermittent demand series. In an extensive simulation study the new model is compared with a wide range of conventional forecast\/inventory model combinations. By using the consistent approach, the mean inventory level is lowered whereas the service level is increased. Additionally, a modern multi-criteria inventory classification scheme is presented to distinguish different demand series clusters. \u003c\/p\u003e \u003cp\u003e\u003cb\u003eContents\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eClassification Approaches to Identify Intermittent Demand Series\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eConsistent Forecast-Based Inventory Model\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eExtensive Comparison of the Inventory Performance Among Different Forecast\/Inventory Model Combinations\u003cbr\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTarget Group\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eStudents and researchers interested in business analytics and operations management\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eInventory managers and supply chain experts\u003cbr\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe Author\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eDr. Torben Engelmeyer works as a research assistant at the chair of International Economics - University of Wuppertal, Germany.\u003c\/p\u003e","brand":"Springer","offers":[{"title":"Paperback","offer_id":45277268344983,"sku":"9783658140618","price":3672.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9783658140618.webp?v=1769287928","url":"https:\/\/atlanticbooks.com\/products\/managing-intermittent-demand-9783658140618","provider":"Atlantic Books","version":"1.0","type":"link"}