Intelligent Retail Forecasting System for New Clothing Products Considering Stock-out
Journal Title: Fibres and Textiles in Eastern Europe - Year 2017, Vol 25, Issue 1
Abstract
Improving the accuracy of forecasting is crucial but complex in the clothing industry, especially for new products, with the lack of historical data and a wide range of factors affecting demand. Previous studies more concentrate on sales forecasting rather than demand forecasting, and the variables affecting demand remained to be optimized. In this study, a two-stage intelligent retail forecasting system is designed for new clothing products. In the first stage, demand is estimated with original sales data considering stock-out. The adaptive neuro fuzzy inference system (ANFIS) is introduced into the second stage to forecast demand. Meanwhile a data selection process is presented due to the limited data of new products. The empirical data are from a Canadian fast-fashion company. The results reveal the relationship between demand and sales, demonstrate the necessity of integrating the demand estimation process into a forecasting system, and show that the ANFIS-based forecasting system outperforms the traditional ANN technique.
Authors and Affiliations
He Huang, Qiurui Liu
Keywords
Related Articles
- EP ID EP199548
- DOI 10.5604/01.3001.0010.1704
- Views 87
- Downloads 0
Obszary zwiększenia poziomu innowacyjności w branży włókienniczej w Rosji
Celem niniejszego opracowania jest charakterystyka branży włókienniczej w Rosji, oraz wskazanie obszarów wymagających zwiększenia poziomu innowacyjności, co jest jednym z głównych czynników konkurencyjności branży. Przem...
Effect of Repeated Loading on Textile Rope and Webbing Characteristics in Personal Equipment Protecting Against Falls from a Height
Horizontal anchor lines manufactured from fibre ropes and textile webbing are important elements of equipment protecting against falls from a height. Their mechanical properties determine the process of a fall arresting....
Design of Lightweight Composite Disks Reinforced with Continuous Fibres
The paper presents the results of an investigation in the area of numerical analysis and designing of lightweight composite disks reinforced with continuous fibres. The problem of the optimal layout of reinforcing fibres...
Badanie zależności pomiędzy liczbą i pozycją splotów nabieranych i wytrzymałością dzianin wykonanych na szydełkarce cylindrycznej
Zagadnienie tłumienia hałasu uzyskuje coraz większe znaczenie w badaniach naukowych, technologicznych i zagadnieniach ogólnych ponieważ poziom dźwięku określa jakość ludzkiej egzystencji i dlatego izolacja akustyczna jes...
Digital Image Correlation Method in Monitoring Deformation During Geogrid Testing
wwdwdw<br/><br/>