Industrial Forecasting Support Systems and Technologies in Practice: A Review

Industrial Forecasting Support Systems and Technologies in Practice: A Review

Rakesh Kumar

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Dalgobind Mahto

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Himachal Pradesh Technical University, Hamirpur

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.

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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. \u201cIndustrial Forecasting Support Systems and Technologies in Practice: A Review\u201d. Global Journal of Research in Engineering - G: Industrial Engineering GJRE-G Volume 13 (GJRE Volume 13 Issue G4).

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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

Forecasting support systems techniques

Submission ReceivedDecember 12, 2012
Peer Review Double Blind
Handling Editor
Accepted December 31, 2012
Published January 15, 2013

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v1.2

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August 3, 2013

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Article Matrices

Total Score: 102

Country: India

Subject: Global Journal of Research in Engineering - G: Industrial Engineering

Authors: Rakesh Kumar, Dalgobind Mahto (PhD/Dr. count: 0)

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