دانلود مقاله ISI انگلیسی شماره 26825
عنوان فارسی مقاله

پیش بینی تقاضای کل: ارزیابی تحلیلی از بالا به پایین در مقابل پیش بینی از پایین به بالا در چارچوب برنامه ریزی تولید

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
26825 2009 8 صفحه PDF سفارش دهید محاسبه نشده
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عنوان انگلیسی
Forecasting aggregate demand: An analytical evaluation of top-down versus bottom-up forecasting in a production planning framework
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : International Journal of Production Economics, Volume 118, Issue 1, March 2009, Pages 87–94

کلمات کلیدی
- (1) پیش بینی - پیش بینی از بالا به پایین - پیش بینی از پایین به بالا - (1) روند - صاف نمایی -
پیش نمایش مقاله
پیش نمایش مقاله پیش بینی تقاضای کل: ارزیابی تحلیلی از بالا به پایین در مقابل پیش بینی از پایین به بالا در چارچوب برنامه ریزی تولید

چکیده انگلیسی

We study the relative effectiveness of top-down (TD) and bottom-up (BU) strategies for forecasting the aggregate demand in a production planning framework. The aggregate demand series is composed of several correlated subaggregate components (or items), each of which is assumed to follow a stationary time series process, which is correlated over time. As is common in a production planning environment, it is assumed that exponential smoothing is used as the forecasting technique under both strategies. We analytically show that there is no difference in the relative performance of TD and BU forecasting strategies when the time series for all of the subaggregate components follow a first-order univariate moving average [MA(1)] process with identical coefficients of the serial correlation term. We then perform a simulation study to examine the case when the coefficients of the serial correlation term for the subaggregate components are not identical. It is found from the simulation study that the difference in the performance of the two forecasting strategies is relatively insignificant when the correlation between the subaggregate components is small or moderate.

مقدمه انگلیسی

We study the relative effectiveness of top-down (TD) and bottom-up (BU) forecasting strategies for estimating the aggregate family demand, which comprises several statistically correlated subaggregate components. Each subaggregate component (or item demand) is assumed to follow a univariate first-order moving average [MA(1)] process. In the BU strategy, the forecast for each subaggregate component is determined individually and the aggregate demand forecast is then obtained by summing the component forecasts. In the TD strategy, on the other hand, the subaggregate time series components are first aggregated to determine the aggregate demand. The forecast of the aggregate demand is then directly determined using the historical data for the aggregate demand. The popularity of this strategy is based on the fact that the fluctuation of data from one source (or subaggregate component) may be offset by data from the other sources. As a result, the overall variability of the aggregate demand series is reduced, and thus improving the forecasting accuracy (McLeavey and Narasimhan, 1985, p. 67; DeLurgio, 1998, p. 729; Muir, 1983, p. 7). The research literature on TD versus BU strategies can generally be categorized into two paradigms. The first paradigm uses an economics framework and assumes that the statistical properties of the subaggregate time series components are known perfectly and that the available data are free from measurement errors. In this case, the optimal forecast can be obtained using the appropriate ARIMA model (Wei, 1993, p. 86). Most of the research based on this paradigm is from the economics literature and they generally arrive at the conclusion that the BU strategy may not do worse than the TD strategy in estimating the aggregate demand or the data series at the family level (Aigner and Goldfeld, 1973; Dunn et al., 1976; Kohn, 1982; Rose, 1977; Tiao and Guttman, 1980). Both TD and BU forecasting would perform equally well only when the subaggregate components are uncorrelated and have identical stochastic structures (Rose, 1977; Lutkepohl, 1984). The second paradigm, which is commonly used in a production planning framework, assumes that the data-generating process is not known a priori. This assumption is reasonable as, in practice, the decision makers may not want to spend too much time and effort examining and defining the characteristics of the data-generating process prior to determining the forecasting model, as is required by ARIMA. Besides in a production planning framework, forecasts are required on a periodic basis, sometimes as often as daily or even hourly basis. Typically, forecasting is done simultaneously for several different, but related items in computerized systems with minimal human intervention. Therefore, it is quite impractical to determine the optimal ARIMA model for each item. Hence, the common forecasting technique adopted in this case is a relatively simple method such as exponential smoothing, which is easy to implement. Papers in this paradigm include Barnea and Lakonishok (1980), Dangerfield and Morris (1992), Fliedner (1999) and Weatherford et al. (2001). In this paper, we adopt the second paradigm. All the earlier studies in this paradigm are based on simulation. To our knowledge, none of the earlier papers have analytically investigated the relative performance of TD and BU strategies in a production planning framework, when the underlying time series of the subaggregate components follow an MA(1) process. This paper attempts to fill this gap and also hopes to provide guidelines for selecting an appropriate forecasting strategy under particular circumstances. We analytically show in this paper that the forecast effectiveness for both TD and BU strategies is identical when the subaggregate time series components follow an MA(1) process with identical coefficients of the serial correlation term. We further perform a simulation study to examine the case when the coefficients of the serial correlation term of the subaggregate time series components are not identical. The simulation study reveals that the relative superiority of the two strategies depends on specific parameters of the time series for the subaggregate components. However, the difference in the performance of the two forecasting strategies is relatively insignificant when the subaggregate components are statistically independent or their correlation is relatively small. The remainder of this paper is organized as follows. Section 2 describes the notation and assumptions used in the rest of the paper. Section 3 focuses on the analytical evaluation of the TD and BU strategies. It is then followed by an analysis of the findings of the simulation study in Section 4. Finally, some concluding remarks and possible directions for future research are discussed in Section 5.

نتیجه گیری انگلیسی

We have evaluated the relative effectiveness of TD and BU strategies for forecasting the aggregate demand when the subaggregate components follow a first-order univariate moving average [MA(1)] process. The investigation focused on the identification of the conditions under which the variance of forecast error of one forecasting strategy would be lower than the other. Simple exponential smoothing, which is commonly used in a production planning environment, was used as the forecasting technique under both strategies. We analytically proved that when the coefficient of the serial correlation term for all the subaggregate components was identical (i.e. θ1=θ2=⋯=θN), no significant difference in the variance of forecast error was found between TD and BU strategies. We then performed a simulation study (with the aggregate demand composed of two subaggregate components) when the coefficients of the serial correlation term of the subaggregate components were not identical. The simulation results showed that when the subaggregate components were uncorrelated (γ12=0) and/or when the coefficients of the serial coefficient term were positive, there was still no significant difference between the TD and BU strategies (see Table 3). When θ1 and θ2 were both negative, TD forecasting dominated BU by as much as 6%, especially when γ12 was close to −1. When θ1 and θ2 had different signs, BU dominated TD by as much as 4% when the correlation between the components, γ12, was negative. When γ12 was positive, the results were reversed (i.e. BU dominated TD when θ1 and θ2 were both negative, and TD dominated BU when θ1 and θ2 had different signs); however, the difference between the RMSE of the two strategies was much smaller. The maximum difference between the RMSE of the two strategies under any conditions was only 6%. Hence, one can conclude that in most situations, there was not much difference in the relative effectiveness of the two forecasting strategies. The results of the simulation study are summarized in Table 3. Table 3. Dominant forecasting strategy for different parameter values of the MA (1) process θ1 θ2 Dominating strategy γ12 a<0 γ12=0 γ12>0 Negative Negative TD Identical performance BU Negative Positive BU TD Positive Positive Identical performance Identical performance Positive Negative BU TD a −1⩽γ12⩽+1. Table options In a companion paper, Widiarta and Viswanathan (2005) have analytically evaluated the TD and BU strategies when the subaggregate components follow a first-order univariate autoregressive [AR(1)] process. Another possible extension is to consider a different type of time series for each subaggregate component. This problem, however, involves a higher degree of complexity and its analytical evaluation might be intractable.

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