1887

n South African Journal of Industrial Engineering - Improving forecasts for better decision-making

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Abstract

Improving the forecasting process may enable managers to make better decisions. In this paper, the forecasting process includes three factors: [A] forecasting input factors, [B] competitive advantage factors, and [C] forecasting effectiveness factors. It is proposed that a deeper understanding of the links between [A], [B] and [C] will lead to improvements in forecasting and better decision-making. The objective of this paper is to develop a model that will allow managers to improve forecasting by better understanding the links in the model. Structural equation modelling (SEM) is used to test the model. Twenty-two hypotheses are tested, of which 18 are accepted.

Die verbetering van die voorspellingsproses mag bestuurders daartoe in staat stel om beter besluite te neem. Die voorspellingsproses wat in hierdie artikel bespreek word sluit drie faktore in, naamlik [A] voorspellingsinsetfaktore, [B] mededing-endevoordeelfaktore en [C] voorspellingseffektiwiteitsfaktore. Dit word voorgestel dat 'n dieper verstaan van die skakels tussen [A], [B] en [C] tot verbeteringe in voorspel en beter besluitneming sal lei. Die doel van dié artikel is om 'n model, wat bestuurders sal toelaat om voorspelling te verbeter deur die skakel in die model, te ontwikkel. Strukturele vergelykingmodellering word gebruik om die model te toets. Twee-en-twin

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/content/indeng/27/1/EJC189199
2016-05-01
2016-12-06
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