Title of article :
An iterative method for forecasting most probable point of stochastic demand
Author/Authors :
Behnamian، J. نويسنده Department of Industrial Engineering, Faculty of Engineering, Bu-Ali Sina University, Hamedan, Iran , , Fatemi Ghomi، S. M. T. نويسنده Department of Industrial Engineering, Amirkabir University of Technology, P.O. Box 15916-34311, Tehran, Iran , , Karimi، B. نويسنده , , Fadaei Moludi، M. نويسنده Department of Industrial Engineering, Amirkabir University of Technology, Hafez Avenue No. 424, 15916-34311 Tehran, Iran ,
Issue Information :
فصلنامه با شماره پیاپی 23 سال 2014
Pages :
9
From page :
1
To page :
9
Abstract :
The demand forecasting is essential for all production and non-production systems. However, nowadays there are only few researches on this area. Most of researches somehow benefited from simulation in the conditions of demand uncertainty. But this paper presents an iterative method to find most probable stochastic demand point with normally distributed and independent variables of n-dimensional space and the demand space is a nonlinear function. So this point is compatible with both external conditions and historical data and it is the shortest distance from origin to the approximated demand-state surface. Another advantage of this paper is considering n-dimensional and nonlinear (nth degree) demand function. Numerical results proved this procedure is convergent and running time is reasonable.
Journal title :
Journal of Industrial Engineering International
Serial Year :
2014
Journal title :
Journal of Industrial Engineering International
Record number :
1314681
Link To Document :
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