A comparison of unconstrained and constrained OLS for the combination of demand forecasts: A case study of the ordering and stocking of bank printed forms

Chi Kin Chan; Brian G. Kingsman; H. Wong

A comparison of unconstrained and constrained OLS for the combination of demand forecasts: A case study of the ordering and stocking of bank printed forms

Chi Kin Chan, Brian G. Kingsman, H. Wong

Research output: Journal article publication › Journal article › Academic research › peer-review

Abstract

A leading bank in Hong Kong consumes more than three hundred kinds of printed forms for its daily operations. It has an inventory control system for the forms management. A major problem of the system is to forecast the monthly demand of these forms. In this study, the idea of combination of forecasts is introduced and its practical problem is addressed. The individual forecasts come from well-established time series models and the weights for combination are estimated with quadratic programming.

Original language	English
Pages (from-to)	129-140
Number of pages	12
Journal	Annals of Operations Research
Volume	87
Publication status	Published - 1 Dec 1999

Keywords

Combination of forecasts
Inventory control
Quadratic programming

ASJC Scopus subject areas

General Decision Sciences
Management Science and Operations Research

Cite this

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title = "A comparison of unconstrained and constrained OLS for the combination of demand forecasts: A case study of the ordering and stocking of bank printed forms",

abstract = "A leading bank in Hong Kong consumes more than three hundred kinds of printed forms for its daily operations. It has an inventory control system for the forms management. A major problem of the system is to forecast the monthly demand of these forms. In this study, the idea of combination of forecasts is introduced and its practical problem is addressed. The individual forecasts come from well-established time series models and the weights for combination are estimated with quadratic programming.",

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year = "1999",

month = dec,

day = "1",

language = "English",

volume = "87",

pages = "129--140",

journal = "Annals of Operations Research",

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A comparison of unconstrained and constrained OLS for the combination of demand forecasts: A case study of the ordering and stocking of bank printed forms. / Chan, Chi Kin; Kingsman, Brian G.; Wong, H.
In: Annals of Operations Research, Vol. 87, 01.12.1999, p. 129-140.

Research output: Journal article publication › Journal article › Academic research › peer-review

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AU - Chan, Chi Kin

AU - Kingsman, Brian G.

AU - Wong, H.

PY - 1999/12/1

Y1 - 1999/12/1

N2 - A leading bank in Hong Kong consumes more than three hundred kinds of printed forms for its daily operations. It has an inventory control system for the forms management. A major problem of the system is to forecast the monthly demand of these forms. In this study, the idea of combination of forecasts is introduced and its practical problem is addressed. The individual forecasts come from well-established time series models and the weights for combination are estimated with quadratic programming.

AB - A leading bank in Hong Kong consumes more than three hundred kinds of printed forms for its daily operations. It has an inventory control system for the forms management. A major problem of the system is to forecast the monthly demand of these forms. In this study, the idea of combination of forecasts is introduced and its practical problem is addressed. The individual forecasts come from well-established time series models and the weights for combination are estimated with quadratic programming.

KW - Combination of forecasts

KW - Inventory control

KW - Quadratic programming

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M3 - Journal article

SN - 0254-5330

VL - 87

SP - 129

EP - 140

JO - Annals of Operations Research

JF - Annals of Operations Research

ER -

A comparison of unconstrained and constrained OLS for the combination of demand forecasts: A case study of the ordering and stocking of bank printed forms

Abstract

Keywords

ASJC Scopus subject areas

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