Empirical Safety Stock Estimation Using GARCH Model, Historical Simulation, and Extreme Value Theory: A Comparative Study

Empirical Safety Stock Estimation Using GARCH Model, Historical Simulation, and Extreme Value Theory: A Comparative Study

Safety stock (SS) is an appropriate tactic to deal with demand and supply uncertainty with the aim of preventing inventory shortages. In the literature, previous work on SS estimation assumes that the forecast error distributions (FED) are independent and identically distributed (i.i.d) following th...

Full description

Bibliographic Details
Main Authors: Mouna Derbel, Awad M. Aljuaid, Wafik Hachicha
Format: Article
Language:English
Published: MDPI AG 2022-10-01
Series:Applied Sciences
Subjects:
safety stock estimation
forecast errors distribution
heteroscedasticity
extreme demands
GARCH model
simulation
Online Access:https://www.mdpi.com/2076-3417/12/19/10023

Internet

https://www.mdpi.com/2076-3417/12/19/10023

Similar Items