International Journal of Supply Chain Management
Vol 9, No 3 (2020): International Journal of Supply Chain Management (IJSCM)

Basics of Building and Analyzing Adaptively Targeted Forecast Models for Supply Chain Management

Valeriy V. Davnis (Unknown)
Viktoriya I. Tinyakova (Unknown)
Tatyana V. Karyagina (Unknown)
Igor S. Frolov (Unknown)
Nadezhda F. Sivtsova (Unknown)



Article Info

Publish Date
27 Jun 2020

Abstract

Abstract— Forecasting is an under estimated field of research in supply chain management. To describe the methodology for building adaptively targeted forecast models based on the recursive least squares method and to show the possibility of using these models in economic analysis. Two cases were studied, which include targeting by a single given target value and by a target trajectory described by several consecutive values. It was shown that for the autoregressive model in the case of setting several target values, the multistep procedure of the recursive least squares method is not applicable. It was also possible to clarify the necessity of introducing changes into the adaptive regression analysis scheme for the case when the adaptively targeted model is built on the basis of the autoregressive one. Procedures for building adaptively targeted models for supply chain management of setting target conditions have been proposed. The adaptive regression analysis technique has been modified for the case of an adaptively targeted autoregressive model.

Copyrights © 2020






Journal Info

Abbrev

IJSCM

Publisher

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...