Formularium Management
GENERAL
Introduction
Flow rate R (throughput
rate)
Flow time T
Inventory I
1
, Little’s law : I=RxT
Forecasting
Mean absolute deviation
Mean squared error
Mean absolute percentage error
Moving averages
Exponential smoothing
Holt method 1step/multi step ahead forecasts
Winters method 1step/multi step ahead forecasts
Initialization procedure Winters method
2
GENERAL
Introduction
Flow rate R (throughput
rate)
Flow time T
Inventory I
1
, Little’s law : I=RxT
Forecasting
Mean absolute deviation
Mean squared error
Mean absolute percentage error
Moving averages
Exponential smoothing
Holt method 1step/multi step ahead forecasts
Winters method 1step/multi step ahead forecasts
Initialization procedure Winters method
2
