A materials demand model with ordering quantity of past and recency of ordering time
This paper proposes a statistic model to forecast the materials demand quantity of downstream manufactures in manufacturing process. The author considers the ordering quantity of past record pattern following the normal distribution and the recency of ordering time is a renew process of statistic. T...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2016-01-01
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| Series: | MATEC Web of Conferences |
| Online Access: | http://dx.doi.org/10.1051/matecconf/20167702014 |
| Summary: | This paper proposes a statistic model to forecast the materials demand quantity of downstream manufactures in manufacturing process. The author considers the ordering quantity of past record pattern following the normal distribution and the recency of ordering time is a renew process of statistic. The empirical data are used to estimate the parameters of proposed model and its validation. The results can be applied to predict different kind of materials demand |
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| ISSN: | 2261-236X |