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A Robust and Easy Approach for Demand Forecasting in Supply Chains

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Abstract Demand forecasting plays an important role for supply chains decision making. It also represents a basis step for activity planning in response to customer demand. In this paper, recent… Click to show full abstract

Abstract Demand forecasting plays an important role for supply chains decision making. It also represents a basis step for activity planning in response to customer demand. In this paper, recent advances in times series allow a new robust and easy approach for demand forecasting. Such technique which is based on algebraic methods of estimation seems to be more adequate for such supply chains task. Several computer simulations and comparative studies demonstrate the relevance of the proposed approach.

Keywords: robust easy; approach; supply chains; demand forecasting; demand

Journal Title: IFAC-PapersOnLine
Year Published: 2018

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