Forel, Alexandre; Grunow, Martin - In: Production and Operations Management 32 (2022) 2, pp. 449-468
‐horizon processes. Using the martingale model of forecast evolution (MMFE), we are able to anticipate the forecast updates from rolling … evolution models. Forecast evolution models reduce actual costs by 14% on average compared to traditional deterministic planning … multiplicative MMFE‐based planning models when the true forecast evolution process is unknown. We show that, contrary to the existing …