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Tourism demand forecasts are of great economic value both for the public and private sector. Any information concerning the future evolution of tourism flows, is of great importance to hoteliers, tour operators and other industries concerned with tourism or transportation, in order to adjust...
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Forecasting financial market volatility is an important task that has absorbed the interest of many academics in the late twentieth and early twenty-first centuries. This strong interest of the academic world reflects the importance of volatility in several financial and business activities....
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This paper argues that if OR is to prosper it needs to more closely reflect the needs of organisations and its practitioners. Past research has highlighted a gap between theoretical research developments, applications and the methods most frequently used in organisations. The scope of OR...
Persistent link: https://www.econbiz.de/10011264315
A number of studies have shown that providing point forecasts to decision makers can lead to improved production planning decisions. However, point forecasts do not convey information about the level of uncertainty that is associated with forecasts. In theory, the provision of prediction...
Persistent link: https://www.econbiz.de/10008551206
In this paper, we engage with O'Brien's [O'Brien, F.A., 2004. Scenario planning - lessons for practice from teaching and learning. European Journal of Operational Research 152, 709-722] identification of both pitfalls in teaching scenario planning and proposed remedies for these. We consider...
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