Under the assumption of a level model, that is, xt = a + t show that the

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Under the assumption of a level model, that is, xt = a + t show that the choice of a to minimize S = t j=t−N+1

(xj − at)

2 where xj is the actual demand in period j, is given by aˆt = (xt + xt−1 +···+ xt−N+1)/N

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Inventory And Production Management In Supply Chains

ISBN: 9781032179322

4th Edition

Authors: Edward A Silver, David F Pyke, Douglas J Thomas

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