Showing 1 - 6 of 6
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
Persistent link: https://www.econbiz.de/10005257045
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
Persistent link: https://www.econbiz.de/10005253878
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...
Persistent link: https://www.econbiz.de/10005278068
Sales forecasting at the UPC level is important for retailers to manage inventory. In this paper, we propose more effective methods to forecast retail UPC sales by incorporating competitive information including prices and promotions. The impact of these competitive marketing activities on the...
Persistent link: https://www.econbiz.de/10011097804