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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…
