Forecasting, Mathematical models, Inventory control, Medical supplies
A computer simulation experiment was conducted to evaluate and compare five individual forecasting models across nine different demand patterns. The models were based on the Medical Materiel Management System used by the US Air Force hospitals. Results indicated the best model varied depending on the demand pattern, the safety stock level, the noise level of the demand pattern, and the measure of forecast error. Across all demand patterns, exponential smoothing and 12-month moving average were best for the short term forecast used by the system, regardless of noise level in the demand patterns. Analysis of models within a single demand pattern showed, in most cases, several models as ranking equally well. When overall system requirements were considered, the exponential smoothing method was by far the best choice.
If this is your thesis or dissertation, and want to learn how to access it or for more information about readership statistics, contact us at STARS@ucf.edu
Lin, Benjamin W.
Master of Science (M.S.)
College of Engineering
vii, 64 pages
Length of Campus-only Access
Masters Thesis (Open Access)
Forecasting -- Mathematical models, Inventory control -- Mathematical models, Medical supplies -- Inventory control
Van Ess, Phillip John, "A Comparative Study of Forecasting Techniques for the US Air Force Medical Material Management System" (1976). Retrospective Theses and Dissertations. 265.