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Operations Forecasting
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Book Synopsis Forecasting Fundamentals by : Nada Sanders
Download or read book Forecasting Fundamentals written by Nada Sanders and published by Business Expert Press. This book was released on 2016-11-14 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is for everyone who wants to make better forecasts. It is not about mathematics and statistics. It is about following a well-established forecasting process to create and implement good forecasts. This is true whether you are forecasting global markets, sales of SKUs, competitive strategy, or market disruptions. Today, most forecasts are generated using software. However, no amount of technology and statistics can compensate for a poor forecasting process. Forecasting is not just about generating a number. Forecasters need to understand the problems they are trying to solve. They also need to follow a process that is justifiable to other parties and be implemented in practice. This is what the book is about. Accurate forecasts are essential for predicting demand, identifying new market opportunities, forecasting risks, disruptions, innovation, competition, market growth and trends. Companies can navigate this daunting landscape and improve their forecasts by following some well-established principles. This book is written to provide the fundamentals business leaders need in order to make good forecasts. These fundamentals hold true regardless of what is being forecast and what technology is being used. It provides the basic foundational principles all companies need to achieve competitive forecast accuracy.
Book Synopsis Operations Forecasting by : A. G. Abramson
Download or read book Operations Forecasting written by A. G. Abramson and published by Marketing Classics Press. This book was released on 2011-11-15 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Principles of Forecasting by : J.S. Armstrong
Download or read book Principles of Forecasting written by J.S. Armstrong and published by Springer Science & Business Media. This book was released on 2001 with total page 880 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook summarises knowledge from experts and empirical studies. It provides guidelines that can be applied in fields such as economics, sociology, and psychology. Includes a comprehensive forecasting dictionary.
Book Synopsis Forecasting Systems for Operations Management by : Stephen A. DeLurgio
Download or read book Forecasting Systems for Operations Management written by Stephen A. DeLurgio and published by McGraw-Hill Professional Publishing. This book was released on 1991 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Little Book of Operational Forecasting by : Dr Steve Morlidge
Download or read book The Little Book of Operational Forecasting written by Dr Steve Morlidge and published by Matador. This book was released on 2018-06-01 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Operational forecasting sits at the heart of many businesses because it informs every decision taken to get the right amount of product (or service capacity), in the right place, at the right time. But is also one of the most misunderstood and undervalued activities. As a result, most businesses carry enormous amounts of unnecessary inventory while simultaneously failing to offer their customers the level of service that they expect. So, any efficiency or performance improvement initiative is automatically held back by having to drag around this wastage At best, the managers in these businesses may suspect there is scope for improvement but have no idea how much ‘weight’ they can lose or how to go about shedding it. At worst, they assume that trying harder and investing in more “sophisticated” software will automatically take care of the problem because they are blind to the amount of surplus baggage they are dragging around. This book demystifies operational forecasting through a series of bite sized ‘lessons’ supported by simple illustrations, that address the fundamental questions that anyone with an interest or stake in operational forecasting needs to be able to answer: · Why forecast? · What do we need to understand before we start forecasting? · How do we forecast? · What does success look like? · How can we improve? Aimed primarily at forecasting practitioners and anyone responsible for, or reliant on, what they do, this book also is an excellent primer for anyone wanting to understand the process but not the mathematics that comes with most books on the subject. And if you need extra motivation to keep reading, research has shown that poor forecasting is often the single largest source of corporate waste – adding around 2% to your cost of sales. So, read on – your only risk is becoming a corporate hero!
Book Synopsis Demand Forecasting for Managers by : Stephan Kolassa
Download or read book Demand Forecasting for Managers written by Stephan Kolassa and published by Business Expert Press. This book was released on 2016-08-17 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most decisions and plans in a firm require a forecast. Not matching supply with demand can make or break any business, and that's why forecasting is so invaluable. Forecasting can appear as a frightening topic with many arcane equations to master. For this reason, the authors start out from the very basics and provide a non-technical overview of common forecasting techniques as well as organizational aspects of creating a robust forecasting process. The book also discusses how to measure forecast accuracy to hold people accountable and guide continuous improvement. This book does not require prior knowledge of higher mathematics, statistics, or operations research. It is designed to serve as a first introduction to the non-expert, such as a manager overseeing a forecasting group, or an MBA student who needs to be familiar with the broad outlines of forecasting without specializing in it.
Book Synopsis Market Operations in Electric Power Systems by : Mohammad Shahidehpour
Download or read book Market Operations in Electric Power Systems written by Mohammad Shahidehpour and published by John Wiley & Sons. This book was released on 2003-05-28 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.
Book Synopsis Fundamentals of Demand Planning and Forecasting by : Chaman L. Jain
Download or read book Fundamentals of Demand Planning and Forecasting written by Chaman L. Jain and published by . This book was released on 2012 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Service Parts Management by : Nezih Altay
Download or read book Service Parts Management written by Nezih Altay and published by Springer Science & Business Media. This book was released on 2011-03-24 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the pressure of time-based competition increasing, and customers demanding faster service, availability of service parts becomes a critical component of manufacturing and servicing operations. Service Parts Management first focuses on intermittent demand forecasting and then on the management of service parts inventories. It guides researchers and practitioners in finding better management solutions to their problems and is both an excellent reference for key concepts and a leading resource for further research. Demand forecasting techniques are presented for parametric and nonparametric approaches, and multi echelon cases and inventory pooling are also considered. Inventory control is examined in the continuous and periodic review cases, while the following are all examined in the context of forecasting: • error measures, • distributional assumptions, and • decision trees. Service Parts Management provides the reader with an overview and a detailed treatment of the current state of the research available on the forecasting and inventory management of items with intermittent demand. It is a comprehensive review of service parts management and provides a starting point for researchers, postgraduate students, and anyone interested in forecasting or managing inventory.
Book Synopsis Predictive Policing by : Walt L. Perry
Download or read book Predictive Policing written by Walt L. Perry and published by Rand Corporation. This book was released on 2013-09-23 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Predictive policing is the use of analytical techniques to identify targets for police intervention with the goal of preventing crime, solving past crimes, or identifying potential offenders and victims. These tools are not a substitute for integrated approaches to policing, nor are they a crystal ball. This guide assesses some of the most promising technical tools and tactical approaches for acting on predictions in an effective way.
Book Synopsis Forecasting Methods for Management by : Steven C. Wheelwright
Download or read book Forecasting Methods for Management written by Steven C. Wheelwright and published by John Wiley & Sons. This book was released on 1977 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Outlines the full range of qualitative and quantitative forecasting methods. Discusses forecasting challenges, including learning the difference between explaining the past and predicting the future, and the impact of judgmental biases; and forecasting applications for short, medium, and long-term horizons. Annotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis Demand Forecasting and Inventory Control by : Colin David Lewis
Download or read book Demand Forecasting and Inventory Control written by Colin David Lewis and published by Routledge. This book was released on 1997 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide to the forecasting and inventory control methods used in commercial, retail and manufacturing companies. Colin Lewis explains the theory and practice of demand forecasting methods, the links between forecasts produced as a result of analyzing demand data and the various methods by which this information, together with cost information on stocked items, is used to establish the controlling parameters of the most commonly-used inventory control systems.
Book Synopsis Flood Forecasting by : Thomas E. Adams
Download or read book Flood Forecasting written by Thomas E. Adams and published by Academic Press. This book was released on 2016-04-04 with total page 485 pages. Available in PDF, EPUB and Kindle. Book excerpt: Flood Forecasting: A Global Perspective describes flood forecast systems and operations as they currently exist at national and regional centers around the globe, focusing on the technical aspects of flood forecast systems. This book includes the details of data flow, what data is used, quality control, the hydrologic and hydraulic models used, and the unique problems of each country or system, such as glacial dam failures, ice jams, sparse data, and ephemeral streams and rivers. Each chapter describes the system, including details about its strengths and weaknesses, and covers lessons learned. This helpful resource facilitates sharing knowledge that will lead to improvements of existing systems and provides a valuable reference to those wishing to develop new forecast systems by drawing on best practices. Covers global systems allowing readers to see a worldwide perspective with different approaches used by existing flood forecast systems Provides historical coverage allowing readers to understand why forecast systems have developed as they have and to see how specific systems have dealt with common problems encountered Presents a vision of what appears to be the future of hydrologic forecasting and difficulties facing hydrologic forecasting Provides a helpful resource to facilitate improvements to existing systems based on a best practices approach
Book Synopsis Sales Forecasting a New Approach by : Thomas F. Wallace
Download or read book Sales Forecasting a New Approach written by Thomas F. Wallace and published by Steelwedge Software. This book was released on 2002 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book represents a new - some may say radical - approach to forecasting. The authors explain how: -- Forecasting less, not more, can yield higher customer service and lower inventories. -- Teamwork, good communications, and clear accountabilities are more important than complex statistical forecasting models, -- It's more beneficial to pursue process improvement than to focus narrowly on forecast accuracy. This is an exciting, new, breakthrough approach to a traditionally difficult and frustrating task.
Book Synopsis Operations Management by : Robert Dan Reid
Download or read book Operations Management written by Robert Dan Reid and published by John Wiley & Sons. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With its abundance of step-by-step solved problems, concepts, and examples of major real-world companies, this text brings unparalleled clarity and transparency to the course.
Author :United States. Congress. House. Committee on Science, Space, and Technology (2011). Subcommittee on Environment Publisher : ISBN 13 : Total Pages :140 pages Book Rating :4.F/5 ( download)
Book Synopsis Restoring U.S. Leadership in Weather Forecasting by : United States. Congress. House. Committee on Science, Space, and Technology (2011). Subcommittee on Environment
Download or read book Restoring U.S. Leadership in Weather Forecasting written by United States. Congress. House. Committee on Science, Space, and Technology (2011). Subcommittee on Environment and published by . This book was released on 2013 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Opportunities to Improve Marine Forecasting by : National Research Council
Download or read book Opportunities to Improve Marine Forecasting written by National Research Council and published by National Academies Press. This book was released on 1989-02-01 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commerce and the general publicâ€"especially those living in increasingly crowded, highly developed low-lying coastal communitiesâ€"rely heavily on accurate forecasts of marine conditions and weather over the oceans to ensure the safe and productive use of the sea and coastal zone. This book examines the opportunities to improve our ocean forecasting systems made possible by new observational techniques and high-speed computers. Significant benefits from these potential improvements are possible for transportation, ocean energy and resources development, fisheries and recreation, and coastal management.