Adaptive Exponential Smoothing of the First Order

JournalIndustrie Management
Issue Volume 28, 2012, Edition 2, Pages 63-65
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Abstract

Customer demand for products and demand for materials to ensure material availability is often forecasted. The results are often used in the operative production planning and control. Exponential smoothing methods are widely used for this forecasting. To ensure high forecasting quality over time, the smoothing parameter has to be adapted over time. An automation is suggested and analyzed.

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Solutions: Production Planning