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Combination Forecasting Error Correction Modeling and Application in CPFR Coordination

In: Liss 2013

Author

Listed:
  • Qi Xu

    (Donghua University)

  • Wenjie Wang

    (Donghua University)

  • Liangfang Li

    (Donghua University)

Abstract

Supply Chain Coordination is the basis of supply chain management. In this paper, a combination-forecasting model is proposed to coordinate the CPFR (Collaborative Planning, Forecasting and Replenishment) forecasting process between the retailers and manufactures in the supply chain. Furthermore, an error correction combination-forecasting model is discussed in order to improve forecasting accuracy. At the end, the formulation results showed the effectiveness of this combination-forecasting error correction model to coordinate the CPFR forecasting process.

Suggested Citation

  • Qi Xu & Wenjie Wang & Liangfang Li, 2015. "Combination Forecasting Error Correction Modeling and Application in CPFR Coordination," Springer Books, in: Runtong Zhang & Zhenji Zhang & Kecheng Liu & Juliang Zhang (ed.), Liss 2013, pages 167-172, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-40660-7_24
    DOI: 10.1007/978-3-642-40660-7_24
    as

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