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  • Forecast Lot Size 2021

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    BIBEK BASUMATARI
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    This document contains data on demand forecasting and inventory management for 15 periods. It provides the mean demand, standard deviation of demand, return rate, forecasted demand values, actual demand realized, return amounts, net demand for each period, and inventory levels and shortages under two different inventory management models, Wagner-Whitin and Silver-Meal. Key metrics like set-up costs, inventory holding costs, average net demand, and standard deviation are also presented to analyze the different models.

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    This document contains data on demand forecasting and inventory management for 15 periods. It provides the mean demand, standard deviation of demand, return rate, forecasted demand values, actual demand realized, return amounts, net demand for each period, and inventory levels and shortages under two different inventory management models, Wagner-Whitin and Silver-Meal. Key metrics like set-up costs, inventory holding costs, average net demand, and standard deviation are also presented to analyze the different models.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views3 pages

    Forecast Lot Size 2021

    Uploaded by

    BIBEK BASUMATARI
    This document contains data on demand forecasting and inventory management for 15 periods. It provides the mean demand, standard deviation of demand, return rate, forecasted demand values, actual demand realized, return amounts, net demand for each period, and inventory levels and shortages under two different inventory management models, Wagner-Whitin and Silver-Meal. Key metrics like set-up costs, inventory holding costs, average net demand, and standard deviation are also presented to analyze the different models.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Mean Demand 100 Set-up Cost 100

    Demand S.D. 10 Inv. Cost/u/pd 1


    Return Rate 0.5
    Error S.D. 3 Forecast
    Random No. Demand Random No. Return Period Net Demand Period Net Demand
    0.86 110.82 0.87 58.81 1 52.01 11 48.60
    0.74 106.32 0.17 50.35 2 55.97 12 48.30
    0.32 95.37 0.49 47.62 3 47.75 13 47.99
    0.73 106.18 0.66 54.35 4 51.82 14 47.68
    0.24 92.78 0.48 46.22 5 46.56 15 47.38
    0.53 100.68 0.94 54.90 6 45.78
    0.62 102.99 0.34 50.29 7 52.70 Forecast
    0.74 106.56 0.41 52.61 8 53.96 Period Net Demand
    0.36 96.35 0.86 51.36 9 44.99 11 48.60
    0.95 116.23 0.99 64.93 10 51.29 12 48.30
    Average 50.28 13 47.99
    S.D. 3.75 14 47.68
    15 47.38

    Net demand in past periods


    Net Demand

    60

    55

    50

    45

    40

    35

    30
    1 2 3 4 5 6 7 8 9 10
    Period
    Wagner-Whitin Set-up Inventory Total Random No. Actual Dem Random No. Actual Ret
    96.90 100 48.30 148.30 0.30 94.88 0.90 51.32
    0 0 0 0 0.38 97.06 0.35 47.37
    143.05 100 95.06 195.06 0.02 80.19 0.72 41.87
    0 0 47.38 47.38 0.89 112.08 0.96 61.41
    0 0 0 0 0.41 97.84 0.60 49.65
    Total 200 190.74 390.74

    Silver-Meal Set-up Inventory Total Random No. Actual Dem Random No. Actual Ret
    96.90 100 48.30 148.30 0.90 112.82 0.66 57.65
    0 0 0 0 0.78 107.62 0.93 58.30
    95.68 100 47.68 147.68 0.72 105.89 0.20 50.44
    0 0 0.00 0.00 0.45 98.79 0.90 53.21
    47.38 100 0 100 0.19 91.28 0.43 45.14
    Total 300 95.98 395.98

    (Press F9 to change the random numbers)


    Actual Net Dem Inventory Shortage
    43.56 53.34 0.00
    49.69 4 0.00
    38.32 108.38 0.00
    50.67 57.71 0.00
    48.18 10 0.00
    Total 232.60 0.00

    Actual Net Dem Inventory Shortage


    55.17 41.73 0.00
    49.32 0 7.59
    55.44 32.64 0.00
    45.58 0.00 12.94
    46.14 0 11.70
    Total 74.37 32.23

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