A Bayesian Combination Forecasting Model for Retail Supply Chain Coordination



Título del documento: A Bayesian Combination Forecasting Model for Retail Supply Chain Coordination
Revista: Journal of applied research and technology
Base de datos: PERIÓDICA
Número de sistema: 000384321
ISSN: 1665-6423
Autores: 1
1
Instituciones: 1Donghua University, Glorious Sun School of Business and Management, Shanghai. China
Año:
Periodo: Abr
Volumen: 12
Número: 2
Paginación: 315-324
País: México
Idioma: Inglés
Tipo de documento: Conferencia o discurso
Enfoque: Experimental, aplicado
Resumen en inglés Retailing plays an important part in modern economic development, and supply chain coordination is the research focus in retail operations management. This paper reviews the collaborative forecasting process within the framework of the collaborative planning, forecasting and replenishment of retail supply chain. A Bayesian combination forecasting model is proposed to integrate multiple forecasting resources and coordinate forecasting processes among partners in the retail supply chain. Based on simulation results for retail sales, the effectiveness of this combination forecasting model is demonstrated for coordinating the collaborative forecasting processes, resulting in an improvement of demand forecasting accuracy in the retail supply chain
Disciplinas: Ingeniería,
Administración y contaduría
Palabras clave: Ingeniería industrial,
Organización,
Modelos de predicción,
Cadena de suministro,
Menudeo,
Precisión
Keyword: Engineering,
Management and accounting,
Industrial engineering,
Business organization,
Forecasting models,
Supply chain,
Retail,
Accuracy
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