TR
EN
COMPARISON OF ATA METHOD AND CROSTON BASED METHODS ON FORECASTING OF INTERMITTENT DEMAND
Abstract
Intermittent demand
forecasting is crucial for firms and commercial activities. Recently, many
researchers have focused on forecasting methods for intermittent demand and
proposed various forecasting techniques. The most prominent methods among these
proposed techniques are the Croston method, which is based on exponential
smoothing, and its two popular variations: SBA (Syntetos-Boylan Approximation),
SBJ (Shale-Boylan-Johnston Approximation). Croston method is widely used in
forecasting of intermittent demand and inventory (stock) control. Since these
demands usually include zero values, using the ground breaking method developed
by Croston in this data becomes inevitable. Nevertheless, there are some
shortcomings to this method such as producing biased forecasts and for this
reason its variations have been proposed. ATA method is a recently developed
forecasting method which is an alternative to exponential smoothing. In this
paper we propose a modification of ATA method that can be used for forecasting
of intermittent demand. We will compare the results of the proposed approach to
those of Croston and other forecasting methods used for intermittent demand
forecasting.
Keywords
References
- Altay, N., & Litteral, L. A., & Rudisill, F. "Effects of correlation on intermittent demand forecasting and stock control". International Journal of Production Economics, 135(1), 275–283, 2012.
- Boylan, J. E., & Syntetos, A. A.. "On the bias of intermittent demand estimates". Int. J. Production Economics, 71, 457–466, 2001.
- Croston, J. D. "Forecasting and Stock Control for Intermittent Demands". Operational Research Quarterly, 23(3), 289-303, 1972.
- Eaves, A. H. C. "Forecasting for the ordering and stock-holding of consumable spare parts," PhD Thesis, Lancaster University, 2002.
- Hyndman, R., & Koehler, A., & Ord, K., & Snyder, R. "Forecasting with Exponential Smoothing The state Space Approach", Springer Series in Statistics, 2008.
- Johnston, F. R., & Boylan, J. E. "Forecasting for items with intermittent demand". Journal of the Operational Research Society, 47(1), 113–121, 1996.
- Kourentzes, N. "Intermittent demand forecasts with neural networks". International Journal of Production Economics, 143(1), 198–206, 2013.
- Levén, E., & Segerstedt, A. "Inventory control with a modified Croston procedure and Erlang distribution". International Journal of Production Economics, 90(3), 361–367, 2004.
Details
Primary Language
English
Subjects
Engineering
Journal Section
Research Article
Publication Date
December 11, 2019
Submission Date
May 31, 2019
Acceptance Date
August 23, 2019
Published in Issue
Year 2019 Volume: 5 Number: 2
APA
Ekiz Yilmaz, T., Yapar, G., & Yavuz, İ. (2019). COMPARISON OF ATA METHOD AND CROSTON BASED METHODS ON FORECASTING OF INTERMITTENT DEMAND. Mugla Journal of Science and Technology, 5(2), 49-55. https://doi.org/10.22531/muglajsci.572444
AMA
1.Ekiz Yilmaz T, Yapar G, Yavuz İ. COMPARISON OF ATA METHOD AND CROSTON BASED METHODS ON FORECASTING OF INTERMITTENT DEMAND. Mugla Journal of Science and Technology. 2019;5(2):49-55. doi:10.22531/muglajsci.572444
Chicago
Ekiz Yilmaz, Tugce, Güçkan Yapar, and İdil Yavuz. 2019. “COMPARISON OF ATA METHOD AND CROSTON BASED METHODS ON FORECASTING OF INTERMITTENT DEMAND”. Mugla Journal of Science and Technology 5 (2): 49-55. https://doi.org/10.22531/muglajsci.572444.
EndNote
Ekiz Yilmaz T, Yapar G, Yavuz İ (December 1, 2019) COMPARISON OF ATA METHOD AND CROSTON BASED METHODS ON FORECASTING OF INTERMITTENT DEMAND. Mugla Journal of Science and Technology 5 2 49–55.
IEEE
[1]T. Ekiz Yilmaz, G. Yapar, and İ. Yavuz, “COMPARISON OF ATA METHOD AND CROSTON BASED METHODS ON FORECASTING OF INTERMITTENT DEMAND”, Mugla Journal of Science and Technology, vol. 5, no. 2, pp. 49–55, Dec. 2019, doi: 10.22531/muglajsci.572444.
ISNAD
Ekiz Yilmaz, Tugce - Yapar, Güçkan - Yavuz, İdil. “COMPARISON OF ATA METHOD AND CROSTON BASED METHODS ON FORECASTING OF INTERMITTENT DEMAND”. Mugla Journal of Science and Technology 5/2 (December 1, 2019): 49-55. https://doi.org/10.22531/muglajsci.572444.
JAMA
1.Ekiz Yilmaz T, Yapar G, Yavuz İ. COMPARISON OF ATA METHOD AND CROSTON BASED METHODS ON FORECASTING OF INTERMITTENT DEMAND. Mugla Journal of Science and Technology. 2019;5:49–55.
MLA
Ekiz Yilmaz, Tugce, et al. “COMPARISON OF ATA METHOD AND CROSTON BASED METHODS ON FORECASTING OF INTERMITTENT DEMAND”. Mugla Journal of Science and Technology, vol. 5, no. 2, Dec. 2019, pp. 49-55, doi:10.22531/muglajsci.572444.
Vancouver
1.Tugce Ekiz Yilmaz, Güçkan Yapar, İdil Yavuz. COMPARISON OF ATA METHOD AND CROSTON BASED METHODS ON FORECASTING OF INTERMITTENT DEMAND. Mugla Journal of Science and Technology. 2019 Dec. 1;5(2):49-55. doi:10.22531/muglajsci.572444