Forecasting lumpy demand created by order batching : a comparative study.
Ong, Kok Guan.
Teng, Poi Leng.
Yong, Lee San.
Date of Issue2001
College of Business (Nanyang Business School)
This study is concerned with a common forecasting problem faced by organisations - lumpy demand, an infrequent and irregular demand pattern. The study attempts to carry out a comparative study between three forecasting methods, namely EWMA, Croston's Method and the research's proposed method, to determine which method produces optimum results based on forecast variation under different patterns of demand lumpiness.
Final Year Project (FYP)
Nanyang Technological University