System and method for forecasting intermittent demand

  • US 6,205,431 B1
  • Filed: 10/29/1998
  • Issued: 03/20/2001
  • Est. Priority Date: 10/29/1998
  • Status: Expired due to Term
First Claim
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1. A computerized method for forecasting intermittent demand for a lead time, comprising the steps of:

  • providing a data set of intermittent data comprising a predetermined number of historical demand values;

    calculating lead time demand values for the lead time, wherein the calculating step comprises the step of sampling values from the historical demand values;

    summing the lead time demand values to provide a lead time demand sum; and

    repeating the calculating and summing steps a predetermined number of times to provide a distribution of lead time demand sums that forecast intermittent demand for inventory requirements.

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