Forecasting Preliminary Order Cost to Increase Order Management Performance: A Case Study in the Apparel Industry
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Dosyalar
Tarih
2022-08-26
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
IGI GLOBAL
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Abstract: In this study, the cost estimation to be used in the optimization of proposed order price offer is made by artificial neural network (ANN) method. A case study is performed by the real data of a company, and the forecast results of the traditional arithmetic model used by the company and the proposed ANN-based method are compared, and it is seen that the proposed method results outperform the other. The biggest contribution of this study to companies is to increase the company’s order management performance by helping the company to make more accurate pricing due to more accurate cost estimation. Moreover, to the best of the authors’ knowledge, this is the first study on forecasting preliminary order cost in the apparel industry and fills an important gap in the literature.
Açıklama
Anahtar Kelimeler
Apparel Industry, Artificial Neural Network, Forecasting, Preliminary Order Cost, Ready-Made Garment Sector
Kaynak
International Journal of Business Analytics
WoS Q Değeri
N/A
