Title

Assessing a Modification to Croston's Method to Incorporate a Seasonal Component (Abstract)

Document Type

Article

Publication Date

2013

Abstract

One aspect of forecasting intermittent demand for slow-moving inventory that has not been investigated to any depth in the literature is seasonality. This is due in part to the reliability of computed seasonal indexes when many of the periods have zero demand. This chapter proposes an innovative approach which adapts Croston's (1970) method to data with a multiplicative seasonal component. Adaptations of Croston's (1970) method are popular in the literature. This method is one of the most popular techniques to forecast items with intermittent demand. A simulation is conducted to examine the effectiveness of the proposed technique extending Croston's (1970) method to incorporate seasonality.

DOI

10.1108/S1477-4070(2013)0000009015

Comments

Originally published in Advances in Business and Management Forecasting v. 9 (2013), Emerald Group Publishing Limited, pp.185 – 195 DOI 10.1108/S1477-4070(2013)0000009015 Authenticated subscribers may access the full text at: http://www.emeraldinsight.com/doi/pdfplus/10.1108/S1477-4070%282013%290000009015

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