Forecasting for Supply Chain and Portfolio Management
نویسنده
چکیده
Material imbalances at some companies have been traced to the procedures they use for forecasting demand based on the usual normality assumption. In this paper we discuss a simple and easy to implent nonparametric technique to forcast the demand distribution based on statistical learning, and ordering policies based on it, that are giving satisfactory results at these companies. We also discuss an application of this nonparametric forecasting method to portfolio management.
منابع مشابه
The Impact of Forecasting Methods Combination for Reducing Bullwhip Effect in a Four-level Supply Chain under Variable Demand
Bullwhip effect in a supply chain, makes inefficiencies such as excess inventory and overdue orders during the chain. These problems can be reduced by appropriate predictions. Forecasting must be done in all levels of a supply chain. This research addresses the problem of optimal combination of forecasting to reduce the bullwhip effect in a four-level supply chain when demand is variable. For t...
متن کاملSupply Chain Challenges in Pharmaceutical Manufacturing Companies: Using Qualitative System Dynamics Methodology
In today’s competitive market environment, pharmaceutical companies have learned that improving supply chain performance is critical to maintain competitive advantages. Forecasting, planning, procurement, financing, stock levels, and marketing strategies are some of the areas in which managers have to decide about them and balance their enter-related effects simultaneously, to achieve organizat...
متن کاملSupply Chain Challenges in Pharmaceutical Manufacturing Companies: Using Qualitative System Dynamics Methodology
In today’s competitive market environment, pharmaceutical companies have learned that improving supply chain performance is critical to maintain competitive advantages. Forecasting, planning, procurement, financing, stock levels, and marketing strategies are some of the areas in which managers have to decide about them and balance their enter-related effects simultaneously, to achieve organizat...
متن کاملSupplier Selection in Supply Chain Management by Data Envelopment Analysis
Nowadays, managing a supply chain is turned to be one of the fundamentals of business process. In doing so, investigating and analyzing each and every of the processes and selecting the best of each process is an important challenge for strategic managers. In this paper Data Envelopment Analysis (DEA) technique is used and a model is provided for selecting the best suppliers with flexible inpu...
متن کاملChapter 1 THE STATE OF PRACTICE IN SUPPLY - CHAIN MANAGEMENT : A RESEARCH PERSPECTIVE ∗
In this paper, I will describe examples of state-of-the-art practice in supply-chain management; e.g., vendor-managed inventory, quick response, and other contemporary systems, such as Wal-Mart’s RetailLink. The perspective will be that of what I call the IDIB Portfolio; i.e., what Information (I), Decision-Making (D), Implementation (I), and Buffer (B) systems are employed in managing real-wor...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2006