Forecasting for Inventory Planning: A 50-Year Review

Forecasting and planning for inventory management has received considerable attention from the Operational Research (OR) community over the last 50 years because of its implications for decision making, both at the strategic level of an organization and at the operational level. Many influential con...

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Bibliographische Detailangaben
Veröffentlicht in:	The Journal of the Operational Research Society. - Taylor & Francis, Ltd.. - 60(2009) vom: Mai, Seite s149-s160
1. Verfasser:	Syntetos, A. A. (VerfasserIn)
Weitere Verfasser:	Boylan, J. E., Disney, S. M.
Format:	Online-Aufsatz
Sprache:	English
Veröffentlicht:	2009
Zugriff auf das übergeordnete Werk:	The Journal of the Operational Research Society
Schlagworte:	forecasting inventory management system dynamics control theory Information science Mathematics Economics Behavioral sciences Business Applied sciences


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520			\|a Forecasting and planning for inventory management has received considerable attention from the Operational Research (OR) community over the last 50 years because of its implications for decision making, both at the strategic level of an organization and at the operational level. Many influential contributions have been made in this area, reflecting different perspectives that have evolved in divergent strands of the literature, namely: system dynamics, control theory and forecasting theory (both statistical and judgemental). Although this pluralism is healthy in terms of knowledge advancement, it also signifies the fragmentation of the OR discipline and the lack of cross-fertilization of ideas to develop more comprehensive approaches towards the resolution of the same issues. In this paper, the relevant literature is reviewed and synthesized to promote some convergence between these different approaches to inventory forecasting and planning. The review concludes with an inter-disciplinary agenda for further research.
540			\|a Copyright 2009 Operational Research Society Ltd
650		4	\|a forecasting
650		4	\|a inventory management
650		4	\|a system dynamics
650		4	\|a control theory
650		4	\|a Information science \|x Information analysis \|x Data analysis \|x Time series analysis \|x Time series forecasting
650		4	\|a Mathematics \|x Applied mathematics \|x Analytics \|x Predictive analytics \|x Analytical forecasting \|x Forecasting models
650		4	\|a Mathematics \|x Applied mathematics \|x Statistics \|x Applied statistics \|x Statistical results \|x Statistical forecasts
650		4	\|a Economics \|x Macroeconomics \|x Aggregate economy \|x Supply and demand \|x Supply \|x Supply chain management
650		4	\|a Behavioral sciences \|x Psychology \|x Cognitive psychology \|x Decision theory \|x Operations research
650		4	\|a Business \|x Business information \|x Business forecasting \|x Sales forecasting
650		4	\|a Applied sciences \|x Engineering \|x Control engineering \|x Control theory
650		4	\|a Applied sciences \|x Research methods \|x Modeling
650		4	\|a Business \|x Business administration \|x Business management \|x Inventory management \|x Inventory control
650		4	\|a Mathematics \|x Applied mathematics \|x Analytics \|x Predictive analytics \|x Analytical forecasting
650		4	\|a Information science \|x Information analysis \|x Data analysis \|x Time series analysis \|x Time series forecasting
650		4	\|a Mathematics \|x Applied mathematics \|x Analytics \|x Predictive analytics \|x Analytical forecasting \|x Forecasting models
650		4	\|a Mathematics \|x Applied mathematics \|x Statistics \|x Applied statistics \|x Statistical results \|x Statistical forecasts
650		4	\|a Economics \|x Macroeconomics \|x Aggregate economy \|x Supply and demand \|x Supply \|x Supply chain management
650		4	\|a Behavioral sciences \|x Psychology \|x Cognitive psychology \|x Decision theory \|x Operations research
650		4	\|a Business \|x Business information \|x Business forecasting \|x Sales forecasting
650		4	\|a Applied sciences \|x Engineering \|x Control engineering \|x Control theory
650		4	\|a Applied sciences \|x Research methods \|x Modeling
650		4	\|a Business \|x Business administration \|x Business management \|x Inventory management \|x Inventory control
650		4	\|a Mathematics \|x Applied mathematics \|x Analytics \|x Predictive analytics \|x Analytical forecasting
655		4	\|a research-article
700	1		\|a Boylan, J. E. \|e verfasserin \|4 aut
700	1		\|a Disney, S. M. \|e verfasserin \|4 aut
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