Intelligent Retail Forecasting System for New Clothing Products Considering Stock-out
Journal Title: Fibres and Textiles in Eastern Europe - Year 2017, Vol 25, Issue 1
Abstract
Improving the accuracy of forecasting is crucial but complex in the clothing industry, especially for new products, with the lack of historical data and a wide range of factors affecting demand. Previous studies more concentrate on sales forecasting rather than demand forecasting, and the variables affecting demand remained to be optimized. In this study, a two-stage intelligent retail forecasting system is designed for new clothing products. In the first stage, demand is estimated with original sales data considering stock-out. The adaptive neuro fuzzy inference system (ANFIS) is introduced into the second stage to forecast demand. Meanwhile a data selection process is presented due to the limited data of new products. The empirical data are from a Canadian fast-fashion company. The results reveal the relationship between demand and sales, demonstrate the necessity of integrating the demand estimation process into a forecasting system, and show that the ANFIS-based forecasting system outperforms the traditional ANN technique.
Authors and Affiliations
He Huang, Qiurui Liu
Keywords
Related Articles
- EP ID EP199548
- DOI 10.5604/01.3001.0010.1704
- Views 89
- Downloads 0
Warp-knitted Fabric Defect Segmentation Based on the Shearlet Transform
The Shearlet transform has been a burgeoning method applied in the area of image processing recently which, differing from the Wavelet transform, has excellent properties in processing singularities for multidimensional...
Development of Woven Spacer Fabrics Based on Steel Wires and Carbon Rovings
Woven spacer fabrics are used as reinforcing materials for fiber-reinforced plastics. These fabrics consist of mostly pliable textile fibers, which still require defined rigidity for different crash applications. In this...
Effect of Agri-Environmental Conditions on the Degradation of Spunbonded Polypropylene Nonwoven with a Photoactivator in Mulched Organically Managed Zucchini
An experiment with non-degradable and degradable soil mulching materials in zucchini cultivation was carried out in 2016 and 2017 in the organic field of the Vegetable Experimental Station, Agricultural University of Kra...
Preliminary Evaluation of Airlaid Nonwovens with Superabsorbent for Use in Protective Footwear: Tests Involving a Thermal Foot Model and Climatic Chamber
The paper presents preliminary results of simulation studies evaluating moisture absorption from the air that indicate the possibility of applying a superabsorbent polymer (SAP) in the construction of protective footwear...
Zmiany strukturalne zmodyfikowanego techniką PACVD polietylenu o ultra wysokiej masie cząsteczkowej; tekstylia balistyczne podczas przyśpieszonego starzenia
Weryfikację funkcjonalności modyfikacji powierzchni z wykorzystaniem technologii chemicznego osadzania z fazy gazowej ze wspomaganiem plazmowym (PACVD) polietylenu o ultra wysokiej masie cząsteczkowej (UHMWPE) przeprowad...