Operations Forecasting
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Operations Forecasting
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Author : A. G. Abramson
language : en
Publisher: Marketing Classics Press
Release Date : 2011-11-15
Operations Forecasting written by A. G. Abramson and has been published by Marketing Classics Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-15 with Business & Economics categories.
Forecasting Systems For Operations Management
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Author : Stephen A. DeLurgio
language : en
Publisher: McGraw-Hill Professional Publishing
Release Date : 1991
Forecasting Systems For Operations Management written by Stephen A. DeLurgio and has been published by McGraw-Hill Professional Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
The Little Book Of Operational Forecasting
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Author : Dr Steve Morlidge
language : en
Publisher: Matador
Release Date : 2018-06-01
The Little Book Of Operational Forecasting written by Dr Steve Morlidge and has been published by Matador this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-01 with Business & Economics categories.
Operational forecasting sits at the heart of many businesses because it informs every decision taken to get the right amount of product (or service capacity), in the right place, at the right time. But is also one of the most misunderstood and undervalued activities. As a result, most businesses carry enormous amounts of unnecessary inventory while simultaneously failing to offer their customers the level of service that they expect. So, any efficiency or performance improvement initiative is automatically held back by having to drag around this wastage At best, the managers in these businesses may suspect there is scope for improvement but have no idea how much ‘weight’ they can lose or how to go about shedding it. At worst, they assume that trying harder and investing in more “sophisticated” software will automatically take care of the problem because they are blind to the amount of surplus baggage they are dragging around. This book demystifies operational forecasting through a series of bite sized ‘lessons’ supported by simple illustrations, that address the fundamental questions that anyone with an interest or stake in operational forecasting needs to be able to answer: · Why forecast? · What do we need to understand before we start forecasting? · How do we forecast? · What does success look like? · How can we improve? Aimed primarily at forecasting practitioners and anyone responsible for, or reliant on, what they do, this book also is an excellent primer for anyone wanting to understand the process but not the mathematics that comes with most books on the subject. And if you need extra motivation to keep reading, research has shown that poor forecasting is often the single largest source of corporate waste – adding around 2% to your cost of sales. So, read on – your only risk is becoming a corporate hero!
Demand Forecasting For Managers
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Author : Stephan Kolassa
language : en
Publisher: Business Expert Press
Release Date : 2016-08-17
Demand Forecasting For Managers written by Stephan Kolassa and has been published by Business Expert Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-17 with Business & Economics categories.
Most decisions and plans in a firm require a forecast. Not matching supply with demand can make or break any business, and that's why forecasting is so invaluable. Forecasting can appear as a frightening topic with many arcane equations to master. For this reason, the authors start out from the very basics and provide a non-technical overview of common forecasting techniques as well as organizational aspects of creating a robust forecasting process. The book also discusses how to measure forecast accuracy to hold people accountable and guide continuous improvement. This book does not require prior knowledge of higher mathematics, statistics, or operations research. It is designed to serve as a first introduction to the non-expert, such as a manager overseeing a forecasting group, or an MBA student who needs to be familiar with the broad outlines of forecasting without specializing in it.
Demand Forecasting And Inventory Control
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Author : Colin David Lewis
language : en
Publisher: Routledge
Release Date : 1997
Demand Forecasting And Inventory Control written by Colin David Lewis and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
A practical guide to the forecasting and inventory control methods used in commercial, retail and manufacturing companies. Colin Lewis explains the theory and practice of demand forecasting methods, the links between forecasts produced as a result of analyzing demand data and the various methods by which this information, together with cost information on stocked items, is used to establish the controlling parameters of the most commonly-used inventory control systems.
Principles Of Forecasting
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Author : J.S. Armstrong
language : en
Publisher: Springer Science & Business Media
Release Date : 2001
Principles Of Forecasting written by J.S. Armstrong and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
This handbook summarises knowledge from experts and empirical studies. It provides guidelines that can be applied in fields such as economics, sociology, and psychology. Includes a comprehensive forecasting dictionary.
Wisdom Of Crowds In Operations
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Author : Achal Bassamboo
language : en
Publisher:
Release Date : 2019
Wisdom Of Crowds In Operations written by Achal Bassamboo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Prediction is an important activity in various business processes, but it becomes difficult when historical information is not available, such as forecasting demand of a new product. One approach that can be applied in such situations is to crowdsource opinions from employees and the public. Our paper studies the application of crowd forecasting in operations management. In particular, we study how efficient crowds are in estimating parameters important for operational decisions that companies make, including sales forecasts, price commodity forecasts, and predictions of popular product features. We focus on a widely adopted class of crowd-based forecasting tools, referred to as prediction markets. These are virtual markets created to aggregate crowds' opinions and operate in a way similar to stock markets. We partnered with Cultivate Labs, a leading company that provides a prediction market engine, to test the forecast accuracy of prediction markets using the firm's data from its public markets and several corporate prediction markets, including a chemical company, a retail company and an automotive company. Using information extracted from employees and public crowds, we show that prediction markets produce well-calibrated forecasting results. In addition, we run a field experiment to study the conditions under which groups work well. Specifically, we explore how group size plays a role in the accuracy of the forecast and find that large groups (e.g., 18 participants) perform substantially better than smaller groups (e.g., 8 participants), highlighting the importance of group size and quantifying the right sizes needed to produce a good forecast using such mechanisms.
Scientific Forecasting
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Author : Karl G. Karsten
language : en
Publisher:
Release Date : 1931
Scientific Forecasting written by Karl G. Karsten and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1931 with Business categories.
Service Parts Management
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Author : Nezih Altay
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-03-24
Service Parts Management written by Nezih Altay and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-24 with Technology & Engineering categories.
With the pressure of time-based competition increasing, and customers demanding faster service, availability of service parts becomes a critical component of manufacturing and servicing operations. Service Parts Management first focuses on intermittent demand forecasting and then on the management of service parts inventories. It guides researchers and practitioners in finding better management solutions to their problems and is both an excellent reference for key concepts and a leading resource for further research. Demand forecasting techniques are presented for parametric and nonparametric approaches, and multi echelon cases and inventory pooling are also considered. Inventory control is examined in the continuous and periodic review cases, while the following are all examined in the context of forecasting: • error measures, • distributional assumptions, and • decision trees. Service Parts Management provides the reader with an overview and a detailed treatment of the current state of the research available on the forecasting and inventory management of items with intermittent demand. It is a comprehensive review of service parts management and provides a starting point for researchers, postgraduate students, and anyone interested in forecasting or managing inventory.
Management Of Insurance Operations
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Author : Ian Bates
language : en
Publisher: Global Professional Pub
Release Date : 2009-10-15
Management Of Insurance Operations written by Ian Bates and has been published by Global Professional Pub this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-15 with Insurance companies categories.
This book provides a working knowledge of the fundamentals of business forecasting that can be applied in the real world regardless of firm size. It takes the reader through basic forecasting methodology, and then practical applications. All aspects of business forecasting are discussed making this book a comprehensive, valuable reference. What is unique about this book is threefold. First, this book is practically oriented. It avoids theoretical, rigorous, and mathematical discussions. It gets directly into how to use it, when to use, what it is used for, and what resources are required of it. Secondly, it incorporates the use of computer and information technology. Thirdly, the book goes much beyond just sales forecasting. It encompasses a wide range of topics of major importance to practical business managers, including economic forecasting, cash flow forecasting, cost prediction, earnings forecasts, and much more.