Improving the Forecasting Precision of Defense Logistics Agency Production Lead Times: A Feasibility Study.
INSTITUTE FOR DEFENSE ANALYSES ALEXANDRIA VA
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This study investigates the feasibility of increasing the precision of production lead time forecasts by the Defense Logistics Agency through the use of regression analysis and leading economic indicators. A sample study demonstrates the feasibility of the approach by reducing the variance of forecast errors and estimating a potential upward bias. An extensive critical survey of existing forecasting methods is included in this study.
- Manufacturing and Industrial Engineering and Control of Production Systems