Demand forecasting for LPG station by Time Series and Artificial Neural Network
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Creator ไววิทย์ พานิชอัศดร
Title Demand forecasting for LPG station by Time Series and Artificial Neural Network
Contributor มหศักดิ์ เกตุฉ่ำ
Publisher Faculty of Information Science and Technology, Mahanakorn University of Technology
Publication Year 2560
Journal Title Journal of Information Science and Technology
Journal Vol. 7
Journal No. 1
Page no. 42-49
Keyword demand forecast, time series, neural network
URL Website https://tci-thaijo.org/index.php/JIST
Website title Journal of Information Science and Technology
ISSN 2651-1053
Abstract Demand forecasting plays an important role in business. A good inventory management can increase the competitive advantage. An inventory should be optimized so that firm can increase free cash flow and keep the company's profitability at the same time. Especially, demand forecasting for the LPG station is very difficult because there are many factors which may not be linked directly or indirectly and it also occur in duplicate or random sometime. Thus, only the historical sale data is insufficient for develop an efficient forecast model. With the neural network technique, this technique gives an advantage in extracting the real factor which impact to demand in the future. This paper uses the artificial neural network for developing the forecast model. The result shows the presented methodology has 683 RMSE a day.
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