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Presentation at INFORMS 2020
In this link you can find my last presentation at INFORMS 2020: The Impact Of Undershoots On Determining The Fill-rate For A (s,S) System The abstract of the presentation is the following: The correct sizing of the safety stock is a paramount problem that aims to achieve a compromise between customer service level and inventory…
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Supply chain forecasting special issue
I am pleased to inform you that Dr. Gokham Egilmez and myself are organizing a topical collection about supply chain management forecasting to be published in Forecasting (ISSN 2571-9394). Please, see this link for further information. In case you are interested, please feel free to let either of us know.
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New publication: “Optimising forecasting models for inventory planning”
Inaccurate forecasts can be costly for company operations, in terms of stock-outs and lost sales, or over-stocking, while not meeting service level targets. The forecasting literature, often disjoint from the needs of the forecast users, has focused on providing optimal models in terms of likelihood and various accuracy metrics. However, there is evidence that this…
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Presentation at ISF 2019 (Greece)
One of the most important conferences, possibly the most important, about forecasting is The International Symposium on Forecasting. This year was celebrated in Tesalonika (Greece) and I had the opportunity to share with the rest of colleagues our latest advances in supply chain forecasting. This year, we presented different approaches (parametric and non-parametric) to better…
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How to compute the safety stock, Shall I use the demand distribution or the forecast demand error distribution??
Currently, I am teaching a subject about operations management and I have to introduce to my students the importance of safety stocks and the different ways to determine it. At this point, I was analyzing how this issue is explained in operations management books, and I realized that some of them compute the safety stock on the…