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Digital Library

of the European Council for Modelling and Simulation

 

Title:

Sales Forecasting And Newsboy Model Techniques Integrated For Merchandise Planning And Business Risk Optimization

Authors:

Tomasz Brzeczek

Published in:

 

 

2020). ECMS 2020 Proceedings Edited by: Mike Steglich, Christian Muller, Gaby Neumann, Mathias Walther, European Council for Modeling and Simulation.

 

DOI: http://doi.org/10.7148/2020

ISSN: 2522-2422 (ONLINE)

ISSN: 2522-2414 (PRINT)

ISSN: 2522-2430 (CD-ROM)

 

ISBN: 978-3-937436-68-5
ISBN: 978-3-937436-69-2(CD)

 

Communications of the ECMS , Volume 34, Issue 1, June 2020,

United Kingdom

 

Citation format:

Tomasz Brzeczek (2020). Sales Forecasting And Newsboy Model Techniques Integrated For Merchandise Planning And Business Risk Optimization, ECMS 2020 Proceedings Edited By: Mike Steglich, Christian Mueller, Gaby Neumann, Mathias Walther European Council for Modeling and Simulation. doi: 10.7148/2020-0111

DOI:

https://doi.org/10.7148/2020-0111

Abstract:

We consider a descrete newsboy problem of a supply quantity optimization to maximize profit and minimize risk objectives. Results show an advantage of introduction of time series data modelling and forecasting into simulation of demand distribution.

 

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