FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2398949346> ?p ?o ?g. }

• W2398949346 abstract "This research is an attempt to provide an integrated framework for forecasting and inventory management of short life cycle products. Short product life cycles are becoming increasingly common in several consumer and industrial goods industries. Management of the marketing and production functions for these products presents significantly different challenges than those for longer lasting products. The timing of decisions and the information available for decision making are both affected by the shortened life cycles. The literature on forecasting and inventory management does not adequately address issues relating to short life cycle products.In the first part of this research we develop growth models that can be used to obtain accurate monthly forecasts for the entire life cycle of the product. The models avoid the limiting data requirements of traditional methods. Instead, they extract relevant information from past product histories and use the information on total life cycle sales and the peak sales timing. Empirical testing, on disguised real life data from a PC Manufacturer, validates these models. Model fit and forecast comparisons with traditional approaches show that the proposed models outperform these approaches.Next, we model the inventory management problem for the short life cycle environment. The uncertainty in demand is modeled through the uncertainty in the realized values of the parameters of the forecasting model. The high cost of terminal inventory, shortages and rapidly changing procurement costs are all included in the model. Extensions to the basic model are also developed. Using optimal control theory, we derive a solution that provides valuable information on procurement cutoff time and terminal service levels. A detailed real life example explains the characteristics of the policy and its relevance in decision making.Many of the issues covered in the models were brought to our attention while implementing a forecasting model at a Personal Computer manufacturer. The benchmark monthly forecasts and the associated inventory levels provide information that can be very helpful in planning and controlling marketing, sales and production. By raising some issues this research also provides useful topics for further research in the area of management of short life cycle products." @default.
• W2398949346 created "2016-06-24" @default.
• W2398949346 creator A5063552387 @default.
• W2398949346 creator A5066416734 @default.
• W2398949346 date "1992-01-01" @default.
• W2398949346 modified "2023-09-26" @default.
• W2398949346 title "An integrated approach to forecasting and inventory management of short life cycle products" @default.
• W2398949346 hasPublicationYear "1992" @default.
• W2398949346 type Work @default.
• W2398949346 sameAs 2398949346 @default.
• W2398949346 citedByCount "1" @default.
• W2398949346 countsByYear W23989493462012 @default.
• W2398949346 crossrefType "journal-article" @default.
• W2398949346 hasAuthorship W2398949346A5063552387 @default.
• W2398949346 hasAuthorship W2398949346A5066416734 @default.
• W2398949346 hasConcept C117938511 @default.
• W2398949346 hasConcept C127413603 @default.
• W2398949346 hasConcept C144133560 @default.
• W2398949346 hasConcept C162853370 @default.
• W2398949346 hasConcept C19351080 @default.
• W2398949346 hasConcept C193809577 @default.
• W2398949346 hasConcept C194304873 @default.
• W2398949346 hasConcept C201650216 @default.
• W2398949346 hasConcept C2524010 @default.
• W2398949346 hasConcept C33923547 @default.
• W2398949346 hasConcept C41008148 @default.
• W2398949346 hasConcept C42475967 @default.
• W2398949346 hasConcept C7465953 @default.
• W2398949346 hasConcept C90673727 @default.
• W2398949346 hasConceptScore W2398949346C117938511 @default.
• W2398949346 hasConceptScore W2398949346C127413603 @default.
• W2398949346 hasConceptScore W2398949346C144133560 @default.
• W2398949346 hasConceptScore W2398949346C162853370 @default.
• W2398949346 hasConceptScore W2398949346C19351080 @default.
• W2398949346 hasConceptScore W2398949346C193809577 @default.
• W2398949346 hasConceptScore W2398949346C194304873 @default.
• W2398949346 hasConceptScore W2398949346C201650216 @default.
• W2398949346 hasConceptScore W2398949346C2524010 @default.
• W2398949346 hasConceptScore W2398949346C33923547 @default.
• W2398949346 hasConceptScore W2398949346C41008148 @default.
• W2398949346 hasConceptScore W2398949346C42475967 @default.
• W2398949346 hasConceptScore W2398949346C7465953 @default.
• W2398949346 hasConceptScore W2398949346C90673727 @default.
• W2398949346 hasLocation W23989493461 @default.
• W2398949346 hasOpenAccess W2398949346 @default.
• W2398949346 hasPrimaryLocation W23989493461 @default.
• W2398949346 hasRelatedWork W1508006814 @default.
• W2398949346 hasRelatedWork W1588775693 @default.
• W2398949346 hasRelatedWork W1984419934 @default.
• W2398949346 hasRelatedWork W2063346304 @default.
• W2398949346 hasRelatedWork W2066887278 @default.
• W2398949346 hasRelatedWork W2084318475 @default.
• W2398949346 hasRelatedWork W2143972454 @default.
• W2398949346 hasRelatedWork W2245400001 @default.
• W2398949346 hasRelatedWork W2321840990 @default.
• W2398949346 hasRelatedWork W232899870 @default.
• W2398949346 hasRelatedWork W2340595196 @default.
• W2398949346 hasRelatedWork W2557272538 @default.
• W2398949346 hasRelatedWork W2994276244 @default.
• W2398949346 hasRelatedWork W3017269017 @default.
• W2398949346 hasRelatedWork W3023804971 @default.
• W2398949346 hasRelatedWork W3125583603 @default.
• W2398949346 hasRelatedWork W3142147046 @default.
• W2398949346 hasRelatedWork W3166272297 @default.
• W2398949346 hasRelatedWork W42897814 @default.
• W2398949346 hasRelatedWork W588504376 @default.
• W2398949346 isParatext "false" @default.
• W2398949346 isRetracted "false" @default.
• W2398949346 magId "2398949346" @default.
• W2398949346 workType "article" @default.