Industrial Forecasting Support Systems and Technologies in Practice: A Review

Rakesh Kumar
Rakesh Kumar * §
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§ Himachal Pradesh Technical University, Hamirpur

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Industrial Forecasting Support Systems and Technologies in Practice: A Review

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Abstract

With the present changing and uncertain economic and marketing scenario the available resources must be utilised by the most optimum way, so that the predetermined goal is achieved. There are number of tools and techniques that are used directly and as support system in the business for success. Forecasting is also a powerful tool and technique which is used as support system to the industrial environment so that future of the business can be predicted accurately. It provides the basis to plan the future requirements for men, machine and materials, time, money etc. so that the wastage will be least.This paper presents the reviews of different works in the area of industrial forecasting support systems and tries to find out latest developments and technologies available in industries and show how they are beneficial to achieve an accurate forecasting.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Rakesh Kumar. 2013. "Industrial Forecasting Support Systems and Technologies in Practice: A Review". Global Journal of Research in Engineering - G: Industrial Engineering GJRE-G Volume 13 (GJRE Volume 13 Issue G4).

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Journal Specifications

Crossref Journal DOI 10.17406/gjre

Print ISSN 0975-5861

e-ISSN 2249-4596

Keywords
Forecastingsupport systemstechniques
Classification
GJRE-G Classification FOR Code: 290502
  • Submission ReceivedDecember 12, 2012
  • Peer Review Double Blind
    Handling Editor
  • Accepted December 31, 2012
  • Published January 15, 2013
Version of record

v1.2

Issue date
August 3, 2013

Language
English
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Industrial Forecasting Support Systems and Technologies in Practice: A Review

Rakesh Kumar
Rakesh Kumar Himachal Pradesh Technical University, Hamirpur
  • Submission ReceivedDecember 12, 2012
  • Peer Review Double Blind
    Handling Editor
  • Accepted December 31, 2012
  • Published January 15, 2013