Combination Forecasting Error Correction Modeling and Application in CPFR Coordination

Qi Xu (), Wenjie Wang () and Liangfang Li ()
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Qi Xu: Donghua University
Wenjie Wang: Donghua University
Liangfang Li: Donghua University

A chapter in LISS 2013, 2015, pp 167-172 from Springer

Abstract: Abstract Supply Chain Coordination is the basis of supply chain management. In this paper, a combination-forecasting model is proposed to coordinate the CPFR (Collaborative Planning, Forecasting and Replenishment) forecasting process between the retailers and manufactures in the supply chain. Furthermore, an error correction combination-forecasting model is discussed in order to improve forecasting accuracy. At the end, the formulation results showed the effectiveness of this combination-forecasting error correction model to coordinate the CPFR forecasting process.

Keywords: Combination forecasting; Supply chain collaboration; Error correction modeling; Forecasting accuracy; CPFR (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-40660-7_24

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DOI: 10.1007/978-3-642-40660-7_24

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