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We analyze periodic and seasonal cointegration models for bivariate quarterly observed time series in an empirical forecasting study. We include both single equation and multiple equation methods. A VAR model in first differences with and without cointegration restrictions is also included in...
Persistent link: https://www.econbiz.de/10004972225
Experts may have domain-specific knowledge that is not included in a statistical model and that can improve forecasts. While one-step-ahead forecasts address the conditional mean of the variable, model-based forecasts for longer horizons have a tendency to convert to the unconditional mean of a...
Persistent link: https://www.econbiz.de/10004972226
In 1982, Slater defined path subgraph analogues to the center, median, and (branch or branchweight) centroid of a tree. We define three families of central substructures of trees, including three types of central subtrees of degree at most D that yield the center, median, and centroid for D = 0...
Persistent link: https://www.econbiz.de/10004972227
The FAMAS-Newcon project aims at developing new logistic control structures for a container terminal capable of handling jumbo container ships within 24 hours. In one of the subprojects stacking aspects is studied. This report describes a generator model in which on the basis of a global...
Persistent link: https://www.econbiz.de/10004972228
In Vohra, European J. Operational Research 90 (1996) 78 – 84, a characterization of the absolute median of a tree network using three simple axioms is presented. This note extends that result from tree networks to cube-free median networks. A special case of such networks is the grid...
Persistent link: https://www.econbiz.de/10004972229
During the last two decades, many heuristic procedures for the joint replenishment problem have appeared in the literature. The only available optimal solution procedure was based on an enumerative approach and was computationally prohibitive. In this paper we present an alternative optimal...
Persistent link: https://www.econbiz.de/10004972230
Experts frequently adjust statistical model-based forecasts. Sometimes this leads to higher forecast accuracy, but expert forecasts can also be dramatically worse. We explore the potential drivers of the relevance and quality of experts' added knowledge. For that purpose, we examine a very large...
Persistent link: https://www.econbiz.de/10004972231
In this paper we analyze the worst case performance of heuristics for the classical economic lot-sizing problem with time-invariant cost parameters. We consider a general class of on-line heuristics that is often applied in a rolling horizon environment. We develop a procedure to systematically...
Persistent link: https://www.econbiz.de/10004972232
This paper gives an overview of scientific literature that describes and discusses cases of reverse logistics activities in practice. Over sixty case studies are considered. Based on these studies we are able to indicate critical factors for the practice of reverse logistics. In addition we...
Persistent link: https://www.econbiz.de/10004972233
In multi-echelon distribution systems it is usually assumed that demand is only satisfied from the lowest echelon. In this paper we will consider the case where demand can be satisfied from any level in the system. However, then the problem arises of how to allocate orders from customers to the...
Persistent link: https://www.econbiz.de/10004972234