Demand and Supply forecasting

Objective

Service to forecast the demand for (remanufactured) products and the supply of (post-)products using data from the past. Application scenarios are the support of medium-term production planning or long-term capacity planning.

Methodhology

The service makes use of statistical methods, e.g. time series analysis, regression analysis, and seasonal factors and it implements available state-of-the-art approaches such as facebooks prophet model. The user may select the forecast method of his/her choice.

Outputs

Visualization of historic data and of forecast.

Forecast information as time series data in spreadsheet or database format.

This project has received funding from the European Union’s Horizon 2020 Framework Programme, DT-ICT-07-2018-2019 “Digital Manufacturing Platforms for Connected Smart Factories” topic, under Grant Agreement ID 873111