Gray relation analysis and multilayer functional link network sales forecasting model for perishable food in convenience store

Authors:
F. L. Chen;T. Y. Ou
Affiliations:
Department of Industrial Engineering and Engineering Management, National Tsing Hua University, 101, Section 2, Kuang Fu Road, Hsinchu 300, Taiwan, ROC;Department of Industrial Engineering and Engineering Management, National Tsing Hua University, 101, Section 2, Kuang Fu Road, Hsinchu 300, Taiwan, ROC
Venue:
Expert Systems with Applications: An International Journal
Year:
2009

Citing 6
Cited 7

Generalization by weight-elimination with application to forecasting

NIPS-3 Proceedings of the 1990 conference on Advances in neural information processing systems 3
An investigation of the use of feedforward neural networks for forecasting

An investigation of the use of feedforward neural networks for forecasting
Data mining with neural networks: solving business problems from application development to decision support

Data mining with neural networks: solving business problems from application development to decision support
Sales forecasting using time series and neural networks

CIE '96 Proceedings of the 19th international conference on Computers and industrial engineering
An investigation of neural networks for linear time-series forecasting

Computers and Operations Research
Fuzzy Delphi and back-propagation model for sales forecasting in PCB industry

Expert Systems with Applications: An International Journal

Strategic group identification using evolutionary computation

Expert Systems with Applications: An International Journal
Sales forecasting system based on Gray extreme learning machine with Taguchi method in retail industry

Expert Systems with Applications: An International Journal
An intelligent fast sales forecasting model for fashion products

Expert Systems with Applications: An International Journal
A simulation-based approach for obtaining optimal order quantities of short-expiration date items at a retail store

Proceedings of the Winter Simulation Conference
A multivariate intelligent decision-making model for retail sales forecasting

Decision Support Systems
Applicability of ARIMA Models in Wholesale Vegetable Market: An Investigation

International Journal of Information Systems and Supply Chain Management
Fast fashion sales forecasting with limited data and time

Decision Support Systems

Quantified Score

Hi-index	12.06

Visualization

Abstract

In managing convenience store, making the right decision in placing a balanced order is a critical job that can enhance the competition of the corporation, especially in perishable food. In this study, the GMFLN forecasting model integrates Gray relation analysis (GRA) which sieves out the more influential factors from raw data then transforms them as the input data in the multilayer functional link network model to provide the more accurate forecasting results to support the decisions. The proposed system evaluated the real data, which are provided by famous franchise company, and the experimental results indicated the GMFLN model outperforms than other different time series forecasting models, i.e. the moving average model, ARIMA model and GARCH model in MAD and THEIL indexes.