Skip to main content

Correlating MRP system nervousness with forecast errors

Buy Article:

$55.00 + tax (Refund Policy)

The purpose of this paper is to examine the impact of forecasting errors on the scheduling instability in a material requirements planning (MRP) operating environment. A sophisticated forecasting method is supposed to provide an accurate forecasting result, which, in turn, should create stable down-stream operating conditions. Through a simulation experiment, we find that forecasting errors may not cause a higher degree of scheduling instability given the forecast errors considered in this study. The scheduling instability, or MRP system nervousness, can be mitigated by using an appropriate lot-sizing rule. Thus, it is important for schedulers to understand this correlation between forecast errors and scheduling stability. After schedulers take reasonable efforts to find a good forecasting method, they don't need to be overly concerned with the associated forecast errors. The selection of an appropriate lot-sizing rule is capable of coping with forecast errors.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Document Type: Research Article

Publication date: 01 August 1998

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more