REPORT OF SIMULATION OF VARIOUS DEMAND FORECASTING TECHNIQUES.
DEFENSE SUPPLY AGENCY ALEXANDRIA VA
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Management of an inventory the magnitude of that of the Defense Supply Agency makes mandatory the forecast of requirements by computer to the maximum extent possible. Computerized calculations are feasible when standard or uniform procedures are used. The Standard Automated Materiel Management System prescribes use of double exponential smoothing as the technique for forecast of future demands. The study compares the prescribed technique with other prevalent methods and presents the results of penetrating tests.
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