期刊
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
卷 88, 期 1, 页码 15-27出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/S0925-5273(03)00128-2
关键词
bullwhip effect; forecasting; supply chain; inventory control
This paper considers the impact of forecasting methods on the bullwhip effect for a simple replenishment system in which a first-order autoregressive process describes the customer demand and an order-up-to inventory policy characterizes the replenishment decision. A bullwhip effect measure is derived for the optimal forecasting procedure that minimizes the mean-squared forecasting error for the specified demand process. Similar measures are obtained for the moving average and exponential smoothing methods. The findings indicate that different forecasting methods lead to bullwhip effect measures with distinct properties in relation to lead time and underlying parameters of the demand process. Moreover, a simple rule is established to help managers select a forecasting method that yields the lowest inventory cost. (C) 2003 Elsevier B.V. All rights reserved.
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