Journal of Industrial Engineering and Halal Industries
Vol. 3 No. 2 (2022): Journal of Industrial Engineering and Halal Industries (JIEHIS)

Forecasting Demand for Electric Batik Stoves Using Moving Average Method in CV. A B C

Gunawan Budi Susilo (UIN Sunan Kalijaga)



Article Info

Publish Date
30 Dec 2022

Abstract

Today's economic problems cause companies to be able to manage finances. For companies engaged in production, it is essential to manage finances so that the company does not experience losses. To overcome this, companies need to make optimal production and demand planning. Demand planning, in general, is better known as forecasting. The single-moving average method uses actual demand data to generate forecast values for future demand. This method will be effectively applied if the product's market demand remains stable. This method has two unique properties: making a forecast requires historical data within a certain period, and the longer the moving average, the smoother the moving average will be. The results showed three samples of stoves, namely, type A-AS001 with a MAD value of 118.16, an MSE value of 44015.27, and a MAPE value of 3.93. The type A-AS002 stove shows a MAD value of 7.81, an MSE value of 92.23, and a MAPE value of 0.27. The type A-SD001 stove has a MAD value of 16.16, an MSE value of 550.75, and a MAPE value of 3.72.          

Copyrights © 2022






Journal Info

Abbrev

JIEHIS

Publisher

Subject

Religion Decision Sciences, Operations Research & Management Engineering Industrial & Manufacturing Engineering

Description

JIEHIS aims to improve the academic atmosphere in the publication of scientific papers in industrial engineering and halal issues in the industrial world. This journal is open for publics, researchers, students, lecturers and academics staffs from all countries. We cover wide range areas within ...