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Implementation of a demand planning system using advance order information

Haberleitner, Helmut and Meyr, Herbert and Taudes, Alfred (2010) Implementation of a demand planning system using advance order information. International Journal of Production Economics, 128 (2). pp. 518-526. ISSN 0925-5273

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Abstract

In times of demand shocks, when quantitative forecasting based on historical time series becomes obsolete, the only information about future demand is "advance demand information", i.e. interpreting early customer bookings as an indicator of not yet known demand. This paper deals with a forecasting method which selects the optimal forecasting model type and the level of integration of advance demand information, depending on the patterns of the particular time series. This constitutes the applicability of the procedure within an industrial application where a large number of time series is automatically forecasted in a flexible and data-driven way. The architecture of such a planning system is explained and using real-world data from a make-to-order industry it is shown that the system is flexible enough to cover different demand patterns and is well-suited to forecast demand shocks. (authors' abstract)

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version may require a subscription.
Keywords: demand forecasting / supply chain management / industrial application / software integration
Divisions: Departments > Informationsverarbeitung u Prozessmanag. > Produktionsmanagement > Taudes
Version of the Document: Accepted for Publication
Variance from Published Version: Minor
Depositing User: Dissertation Administrator
Date Deposited: 28 Mar 2011 14:28
Last Modified: 18 Oct 2014 02:40
Related URLs:
URI: http://epub.wu.ac.at/id/eprint/3045

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