Accession Number:

ADA017858

Title:

Demand Forecasting with Program Factors

Descriptive Note:

Final rept.

Corporate Author:

ARMY INVENTORY RESEARCH OFFICE PHILADELPHIA PA

Personal Author(s):

Report Date:

1975-09-01

Pagination or Media Count:

74.0

Abstract:

Empirical demand forecasting studies have raised doubt about the often-made assumption that repair part demand is proportional to end-item usage. The study was made to test this assumption using a data base consisting of demands on the Army Aviation Systems Command National Inventory Point AVSCOM NICP for thousands of stocked items. A simulation of the NICP supply function was used to test the assumption and various proposed forecasting algorithms. The criterion was least holding and ordering cost for constant time-weighted requisitions short. The assumption that demand is proportional to end-item program was supported at least for the items responsible for the largest part of the costs, and an improved algorithm was found.

Subject Categories:

  • Aircraft
  • Logistics, Military Facilities and Supplies

Distribution Statement:

APPROVED FOR PUBLIC RELEASE