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Forecasting and Stock Control for Intermittent Demands

Croston, J. D.·1972·Journal of the Operational Research Society

Abstract

Exponential smoothing is frequently used for the forecasts in stock control systems. The analysis given shows that intermittent demands almost always produce inappropriate stock levels. Demand for constant quantities at fixed intervals may generate stock levels of up to double the quantity really needed. A method of overcoming these difficulties is described, using separate estimates of the size of demand, and of the demand frequency. The rules for setting the safety stock levels have also to be adjusted before consistent protection can be obtained against being out of stock.

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Metadata

Authors
Croston, J. D.
Venue
Journal of the Operational Research Society
Published
1972-09
Volume
23
Issue
3
Pages
289-303
ISSN
  • 0160-5682 (ISSN-L)
  • 1476-9360
OpenAlex
W1989787309
Cited by
753
References
0
FWCI
1.53
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Forecasting and Stock Control for Intermittent Demands. https://app.cochat.ai/papers/10.1057/jors.1972.50
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Croston, J. D. (1972). Forecasting and Stock Control for Intermittent Demands. Journal of the Operational Research Society. https://doi.org/10.1057/jors.1972.50

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.