Demand forecasting for supply processes in consideration of pricing and market information
| dc.contributor.author | Reiner, Gerald | - |
| dc.contributor.author | Fichtinger, Johannes | - |
| dc.date.accessioned | 2012-05-11T23:01:56Z | |
| dc.date.available | 2012-05-11T23:01:56Z | |
| dc.date.issued | 2009-03-01T00:00:00Z | - |
| dc.description.abstract | We develop a dynamic model that can be used to evaluate supply chain process improvements, e.g. different forecast methods. In particular we use for evaluation a bullwhip effect measure, the service level (fill rate) and the average on hold inventory. We define and apply a robustness criterion to enable the comparison of different process alternatives, i.e. the range of observation periods above a certain service level. This criterion can help managers to reduce risks and furthermore variability by applying robust process improvements. Furthermore we are able to demonstrate with our research results that the bullwhip effect is an important but not the only performance measure that should be used to evaluate process improvements. | en_UK |
| dc.identifier.citation | Gerald Reiner and Johannes Fichtinger, Demand forecasting for supply processes in consideration of pricing and market information, International Journal of Production Economics Volume 118, Issue 1, March 2009, Pages 55–62 | |
| dc.identifier.issn | 0925-5273 | - |
| dc.identifier.uri | http://dx.doi.org/10.1016/j.ijpe.2008.08.009 | - |
| dc.identifier.uri | http://dspace.lib.cranfield.ac.uk/handle/1826/7142 | |
| dc.language.iso | en_UK | - |
| dc.publisher | Elsevier Science B.V., Amsterdam. | en_UK |
| dc.rights | NOTICE: this is the author’s version of a work that was accepted for publication in International Journal of Production Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Journal of Production Economics Volume 118, Issue 1, March 2009, Pages 55–62. http://dx.doi.org/10.1016/j.ijpe.2008.08.009 | |
| dc.title | Demand forecasting for supply processes in consideration of pricing and market information | en_UK |
| dc.type | Article | - |