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Supply Chain Collaborative Forecasting Modeling

In: Liss 2014

Author

Listed:
  • Wenjie Wang

    (Donghua University)

  • Qi Xu

    (Donghua University)

  • Changchun Gao

    (Donghua University)

  • Xiaodong Liu

    (Donghua University)

Abstract

With cooperation among the partners, the supply chain can coordinate its operations and improve the efficiency. The cooperated partners could collaboratively forecast demand and replenish product along the supply chain under the collaborative planning framework. The collaborative forecasting method studied is based on the Bayesian combination model in this paper. The collaborative forecasting model simulation is implemented using the actual order data of a retail item shared among the supply chain partners. The collaborative model is combined with three single forecasting methods, which include the simple moving average, the exponential smoothing and ARIMA methods. The simulation results show the effectiveness of collaborative forecasting method and improvement of forecasting accuracy in the supply chain.

Suggested Citation

  • Wenjie Wang & Qi Xu & Changchun Gao & Xiaodong Liu, 2015. "Supply Chain Collaborative Forecasting Modeling," Springer Books, in: Zhenji Zhang & Zuojun Max Shen & Juliang Zhang & Runtong Zhang (ed.), Liss 2014, edition 127, pages 317-322, Springer.
  • Handle: RePEc:spr:sprchp:978-3-662-43871-8_47
    DOI: 10.1007/978-3-662-43871-8_47
    as

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