seasonal demand

Integrated Forecasting and Inventory Control for Seasonal Demand: a Comparison with the Holt-Winters Approach

  • Gokhan Metan
  • Aurelie Thiele
    • Categories Production and Logistics Tags ,

    We present a data-driven forecasting technique with integrated inventory control for seasonal data and compare it to the traditional Holt-Winters algorithm. Results indicate that the data-driven approach achieves a 2-5% improvement in the average regret. CitationTechnical Report, Lehigh University, Department of Industrial and Systems Engineering, Bethlehem, PA.ArticleDownload View PDF