DocumentCode
1897554
Title
Demand Control Chart
Author
Paik, SiHyun ; Rim, SukChul
Author_Institution
MIS Dept., YanBian Univ. of Sci. & Technol.
fYear
2006
fDate
21-23 June 2006
Firstpage
587
Lastpage
592
Abstract
The existing inventory managements bear a relation to forecasting or assumptions. So these methods become more complicated and more expensive systems as time goes. This paper developed a practical inventory system which is called DCC (demand control chart). DCC does not ´forecast´ but ´control´ the trend of demand without assumptions. According to the trend of sales, DCC adjusts an order quantity considering the capacity of shelf in a store. Besides, this paper introduces EPFR (Every Period Full Replenishment) policy for reducing stocks
Keywords
control charts; retailing; sales management; stock control; DCC; EPFR policy; demand control chart; every period full replenishment; inventory management; sales; shelf capacity; stores; Control charts; Cost function; Demand forecasting; Economic forecasting; Inventory control; Inventory management; Job shop scheduling; Marketing and sales; Safety; Uncertainty; DCC(demand control chart); DR(discount retailer); EPFR(Every Period Full Replenishment); OOS(out of stock); inventory;
fLanguage
English
Publisher
ieee
Conference_Titel
Service Operations and Logistics, and Informatics, 2006. SOLI '06. IEEE International Conference on
Conference_Location
Shanghai
Print_ISBN
1-4244-0317-0
Electronic_ISBN
1-4244-0318-9
Type
conf
DOI
10.1109/SOLI.2006.328952
Filename
4125646
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