Agile forecasting of dynamic logistics demand

• Main Authors: Xin Miao, Bao Xi
• Format: Article
• Language: English
• Published: Vilnius Gediminas Technical University 2008-03-01
• Series: Transport
• Subjects: logistics; forecasting; supply chain management; dynamic influencing factors; agility; hybrid algorithm
• Online Access: https://journals.vgtu.lt/index.php/Transport/article/view/6629

The objective of this paper is to study the quantitative forecasting method for agile forecasting of logistics demand in dynamic supply chain environment. Characteristics of dynamic logistics demand and relative forecasting methods are analyzed. In order to enhance the forecasting efficiency and precision, extended Kalman Filter is applied to training artificial neural network, which serves as the agile forecasting algorithm. Some dynamic influencing factors are taken into consideration and further quantified in agile forecasting. Swarm simulation is used to demonstrate the forecasting results. Comparison analysis shows that the forecasting method has better reliability for agile forecasting of dynamic logistics demand. First published online: 27 Oct 2010