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Time-series forecasts play a critical role in business planning. However, forecasters typically optimize objectives that are agnostic to downstream business goals and thus can produce forecasts misaligned with business preferences. In this…

Machine Learning · Computer Science 2023-08-28 Helen Zhou , Sercan O. Arik , Jingtao Wang

Predicting future consumer behaviour is one of the most challenging problems for large scale retail firms. Accurate prediction of consumer purchase pattern enables better inventory planning and efficient personalized marketing strategies.…

Machine Learning · Computer Science 2020-10-15 Ankur Verma

Accurate demand forecasting is critical for supply chain optimization, yet remains difficult in practice due to hierarchical complexity, domain shifts, and evolving external factors. While recent foundation models offer strong potential for…

Machine Learning · Computer Science 2025-07-30 Wei Yang , Defu Cao , Yan Liu

Demand forecasting is a central component of the replenishment process for retailers, as it provides crucial input for subsequent decision making like ordering processes. In contrast to point estimates, such as the conditional mean of the…

Machine Learning · Computer Science 2021-07-23 F. Wick , U. Kerzel , M. Hahn , M. Wolf , T. Singhal , D. Stemmer , J. Ernst , M. Feindt

The newsvendor problem is one of the most basic and widely applied inventory models. There are numerous extensions of this problem. If the probability distribution of the demand is known, the problem can be solved analytically. However,…

Machine Learning · Computer Science 2018-03-07 Afshin Oroojlooyjadid , Lawrence Snyder , Martin Takáč

For hospitals, realistic forecasting of bed demand during impending epidemics of infectious diseases is essential to avoid being overwhelmed by a potential sudden increase in the number of admitted patients. Short-term forecasting can aid…

Quantitative Methods · Quantitative Biology 2023-01-24 Angelo D'Ambrosio , Raisa Kociurzynski , Alexis Papathanassopoulos , Fabian Bürkin , Hajo Grundmann , Tjibbe Donker

Intermittency is a common and challenging problem in demand forecasting. We introduce a new, unified framework for building intermittent demand forecasting models, which incorporates and allows to generalize existing methods in several…

Machine Learning · Computer Science 2020-10-06 Ali Caner Turkmen , Tim Januschowski , Yuyang Wang , Ali Taylan Cemgil

Demand prediction is a crucial task for e-commerce and physical retail businesses, especially during high-stake sales events. However, the limited availability of historical data from these peak periods poses a significant challenge for…

Machine Learning · Computer Science 2024-06-25 Zexing Xu , Linjun Zhang , Sitan Yang , Rasoul Etesami , Hanghang Tong , Huan Zhang , Jiawei Han

In retailer management, the Newsvendor problem has widely attracted attention as one of basic inventory models. In the traditional approach to solving this problem, it relies on the probability distribution of the demand. In theory, if the…

Machine Learning · Statistics 2017-06-12 Yanfei Zhang , Junbin Gao

This paper presents a framework capable of accurately forecasting future sales in the retail industry and classifying the product portfolio according to the expected level of forecasting reliability. The proposed framework, that would be of…

General Finance · Quantitative Finance 2020-05-18 Emir Zunic , Kemal Korjenic , Kerim Hodzic , Dzenana Donko

While executives emphasize that human resources (HR) are a firm's biggest asset, the level of research attention devoted to planning talent pipelines for complex global organizational environments does not reflect this emphasis. Numerous…

Optimization and Control · Mathematics 2017-08-08 Hadi Moheb-Alizadeh , Robert B. Handfield

Consumer demand forecasting is of high importance for many e-commerce applications, including supply chain optimization, advertisement placement, and delivery speed optimization. However, reliable time series sales forecasting for…

Machine Learning · Computer Science 2024-05-24 Dan Kalifa , Uriel Singer , Ido Guy , Guy D. Rosin , Kira Radinsky

This paper presents a practical architecture for after-sales demand forecasting and monitoring that unifies a revenue- and cluster-aware ensemble of statistical, machine-learning, and deep-learning models with a role-driven analytics layer…

Artificial Intelligence · Computer Science 2025-10-02 Saravanan Venkatachalam

Anticipating supply chain disruptions before they materialize is a core challenge for firms and policymakers alike. A key difficulty is learning to reason reliably about infrequent, high-impact events from noisy and unstructured inputs - a…

Machine Learning · Computer Science 2026-04-03 Benjamin Turtel , Paul Wilczewski , Kris Skotheim

Demand forecasting is extremely important in revenue management. After all, it is one of the inputs to an optimisation method which aim is to maximize revenue. Most, if not all, forecasting methods use historical data to forecast the…

Optimization and Control · Mathematics 2021-03-16 Daniel Hopman , Ger Koole , Rob van der Mei

For any business, planning is a continuous process, and typically business-owners focus on making both long-term planning aligned with a particular strategy as well as short-term planning that accommodates the dynamic market situations. An…

General Finance · Quantitative Finance 2017-01-25 Amita Gajewar , Gagan Bansal

In this paper, we study an analytical approach to selecting expansion locations for retailers selling add-on products whose demand is derived from the demand of another base product. Demand for the add-on product is realized only as a…

Applications · Statistics 2018-04-05 Teng Huang , David Bergman , Ram Gopal

Advancements in smart metering technologies have significantly improved the ability to monitor and manage water utilities. In the context of increasing uncertainty due to climate change, securing water resources and supply has emerged as an…

Although demand forecasting is a critical component of supply chain planning, actual retail data can exhibit irreconcilable seasonality, irregular spikes, and noise, rendering precise projections nearly unattainable. This paper proposes a…

Machine Learning · Computer Science 2026-04-03 Khai Banh Nghiep , Duc Nguyen Minh , Lan Hoang Thi

This article intends to systematically identify and comparatively analyze state-of-the-art supply chain (SC) forecasting strategies and technologies. A novel framework has been proposed incorporating Big Data Analytics in SC Management…

Machine Learning · Computer Science 2025-09-04 Md Abrar Jahin , Md Sakib Hossain Shovon , Jungpil Shin , Istiyaque Ahmed Ridoy , M. F. Mridha