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IBM MRO Inventory Optimisation - How is Average Issue Size calculated?

Question & Answer


Question

How is Average Issue Size calculated?

Answer

The Average Issue Size is calculated as follows:

Select issues from Issues table for a stock item based on the following criteria

  • Unscheduled: Scheduled Flag is "N"
  • Issue Quantity: Issue size > 0 (i.e. exclude negative and zero issue quantities).
  • Use only the most recent 48 issues for the stock item (i.e. sorted based on issue date)
  • Where there are 24 or more issues, calculate the average issue size using single exponential smoothing.
  • Where there are fewer than 24 issues, calculate the average issue size as the median value.
  • If there are no issues or the result of the issue size calculation is less than one set the average issue size to one

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Product Synonym

MRO, MRO IO

Document Information

Modified date:
19 December 2023

UID

ibm17100453