Comparison of Several Methods for Forecasting Repair Parts Requirements.
ARMY MATERIEL COMMAND TEXARKANA TEX INTERN TRAINING CENTER
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The object of this research is to compare the accuracies of several methods used in forecasting the repair parts requirements for a rebuild process. The forecasting methods compared are Cumulative Method, Moving Average Method, Exponential Smoothing, Double Exponential Smoothing, and Least Squares Technique. To make this comparison a demand series is simulated. Forecasts of this simulated demand series are then made using each of the forecasting methods. The resulting forecast errors are then analyzed to evaluate the forecasting techniques. Author
- Logistics, Military Facilities and Supplies