The objective of this project is to develop a Demand Categorization scheme , compare relevant demand forecasting techniques; the measures of performance being error, and study the effect of aggregation of demand history and the demand attributes
The main goal of this proposed research project is to develop more effective inventory control models for situations involving intermittent highly variable demand and to ensure that planned for target service levels are actually met during operational conditions when using existing inventory models.
The goal for this project is to analyze current forecasting methods used in a process, to improve forecasting and inventory management techniques and to develop a prototype decision support system (DSS) that provide benchmarks of changes made.