Forecasting is a management planning tool which is aimed at coping with future uncertainties‚ depending mostly on data of past and present as well as trend analysis (Chopra & Meindl 2010). The core characteristics of today’s forward looking supply chains is flexibility and agility which utilises forecast‚ as one of the most enhanced planning systems of supply chain strategies to provide the needed capability to quickly respond to changes in situations which positions the agile supply chain profitably
Premium Supply chain management Management Forecasting
DEMAND FORECASTING FOR CONSUMER NON-DURABLE GOODS LIKE EGGS & SOAP Introduction: Eggs are one of the popular items of food for non-vegetarians and semi-vegetarians. The present study tries to use regression technique of demad forecasting to estimate the demand fuction of eggs for Raigarh district of Chhatisgarh for various occupational groups in rural and urban areas. In this study we consider variables like size and composition of family‚ family income‚ occupation‚ number of earning members
Premium Regression analysis Linear regression Forecasting
Asian financial crisis of the 1990s. Total vehicle sales reached an all-time high of 605‚156 units in 2010‚ surpassing the previous highs of 548‚115 units in 2008 and 536‚905 units in 2009. Total vehicle sales in 2011 were 600‚123 units. This forecasting model is looking into the relationship between the sales of passenger car in Malaysia with the unemployment rate. The unemployment rate can be defined as the number of people actively looking for a job divided by the labor force. Changes in unemployment
Premium Regression analysis Linear regression Automobile
USE OF SATELLITE TECHNOLOGY FOR WEATHER FORECASTING Weather forecasting is the application of science and technology to predict the state of the atmosphere for a given location and over the years many techniques have been used to forecast the weather‚ Satellite technology is one of it. The history of weather forecasting and early satellite programmes was told using archive film‚ highlighting the difficulties associated with a lack of weather data. Two hundred dedicated weather satellites
Premium Satellite Infrared Weather forecasting
as a considerable decline in the international transportation cost. Improvements in transportation industry not only resulted in the economic effects‚ but also it brought improvements in the quality of services like higher speed and reliability. In this work‚ the role of transportation costs in international trade has been studied. Towards this end‚ a perspective of transporting goods across the borders with the emphasis on air and ocean transportation modes is given‚ and the associated costs and expenditures
Premium Transport International trade Cargo
Dean A DeFrank Transportation Principles Embry Riddle University Module Two Deregulation All modes of travel have experienced great changes through the years. Those changes were the government getting out of the travel management business and allowing the free market to determine the course of these modes of travel. The following will describe in simplistic form the effects of deregulation on each mode of travel. Airline Deregulation: The Airline Deregulation Act of 1978 removed government
Premium Federal Aviation Administration Airline Regulation
SEMINAR REPORT ON “INTELLIGENT TRANSPORTATION SYSTEM” INDEX Chapter Title Page No. No. 1. Background 6 1.1) Indian scenario 8 2. Intelligent transportation technologies 10 2.1) Wireless
Premium Electronic toll collection Road transport Automobile
Man’s wants are limitless while his resources to fulfil those wants are limited. Not every individual who desires a vehicle can afford to purchase one. This is the main reason for the existence of Public Transportation Systems. Individuals may choose to buy the basic necessities over buying a luxury good such as a private vehicle. This directly relates to an economic principle referred to as Opportunity Cost‚ which explains what must be given up as the result of a choice. It is more economic for
Premium Economics Public transport Price
its use spread to multi choice set as well as in other stages of forecasting process. Since‚ 1990s‚ application of soft computing models such as Artificial Neural Network models‚ Fuzzy logic applications and Genetic Algorithm was adopted. Mode choice analysis helps in engineering‚ transport planning and policy making process to study existing demand of transportation system and forecast the future needs of the proposed transportation system as when insight of preferences and requirement of commuters
Premium Econometrics Econometrics Logit
Transportation of Cargo on Passenger Aircraft Embry Riddle Aeronautical University Abstract This paper provides information into the lack of aviation security with regard to cargo transported on passenger aircraft. Passengers and their luggage traveling on aircraft are subject to screening‚ security searches and body scanning prior to boarding. However‚ the cargo loaded may not have been inspected‚ allowing for potential security vulnerabilities to be exploited. Currently international flights
Premium Airport security Cargo Transportation Security Administration