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Lumpy demand forecasting using neural networks

delete2008-02-01
delete159
PRE
AI
R
Rafael S. Gutierrez
A
Adriano O. Solis *
S
Somnath Mukhopadhyay
DOI:10.1016/j.ijpe.2007.01.007delete
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Abstract

Abstract

En 中文
The current study applies neural network (NN) modeling in forecasting lumpy demand. It is, to the best of our knowledge, the first such study. Our study compares the performance of NN forecasts to those using three traditional time-series methods (single exponential smoothing, Croston's method, and the Syntetos-Boylan approximation). We find NN models to generally perform better than the traditional methods, using three different performance measures. We also independently validate earlier findings that the Syntetos-Boylan approximation performs better than the Croston's and single exponential smoothing methods in lumpy demand forecasting. (c) 2007 Elsevier B.V. All rights reserved.
Keywords:
forecasting
lumpy demand
neural network modeling
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Journal

International Journal of Production Economics cover
International Journal of Production Economics
IF:
10
Papers:
7.9K
Citations:
3.6W

Organization

U
university of texas at el paso
Scholars:
2.4K
Papers: 2.0K
Citations: 0
U
university of texas system
Scholars:
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Papers: 15.6W
Citations: 210