Quotation Haberleitner, Helmut, Meyr, Herbert, Taudes, Alfred. 2010. Implementation of a demand planning system using advance order information. International Journal of Production Economics 128 518-526.


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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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal International Journal of Production Economics
Citation Index SCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, INF-A, STRAT-B, VW-C, WH-B
Language English
Title Implementation of a demand planning system using advance order information
Volume 128
Year 2010
Page from 518
Page to 526
Reviewed? Y

Associations

People
Meyr, Herbert (Former researcher)
Taudes, Alfred (Details)
External
Haberleitner, Helmut (RHI AG, Austria)
Organization
Produktionsmanagement (Taudes) (Details)
Research Institute for Supply Chain Management FI (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
1105 Computer software (Details)
1109 Information and data processing (Details)
1112 Logistics (Details)
1121 Operations research (Details)
1138 Information systems (Details)
5306 Business data processing (Details)
5310 Manufacturing (Details)
5316 Industrial management (Details)
5317 Industrial operations research (Details)
5333 Business management (Details)
5347 Operations research (Details)
5354 Business logistics (Details)
5919 Operations research (Details)
5937 Information systems (Details)
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