Abstract
This research was carried out for a Commercial Chain of Convenience Stores in order to increase the potential of its demand forecasting models and thus improve its logistics planning and decision making. Additionally, in 2018, the company noticed a significant increase in the level of its sales during a heat wave that was experienced in the country. For this reason, it was necessary to improve the forecasting models and validate the importance of external variables. Different univariate and multivariate forecasting models were built and validated, and then two were selected to propose the most suitable forecasting method and a final application.
Translated title of the contribution | Design and implementation of forecasting models to estimate the beverage demand in convenience stores |
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Original language | Spanish |
Title of host publication | 19th LACCEI International Multi-Conference for Engineering, Education Caribbean Conference for Engineering and Technology |
Subtitle of host publication | "Prospective and Trends in Technology and Skills for Sustainable Social Development" and "Leveraging Emerging Technologies to Construct the Future", LACCEI 2021 - Proceedings |
Editors | Maria M. Larrondo Petrie, Luis Felipe Zapata Rivera, Catalina Aranzazu-Suescun |
Publisher | Latin American and Caribbean Consortium of Engineering Institutions |
ISBN (Electronic) | 9789585207189 |
DOIs | |
Publication status | Published - 2021 |
Event | 19th LACCEI International Multi-Conference for Engineering, Education Caribbean Conference for Engineering and Technology: "Prospective and Trends in Technology and Skills for Sustainable Social Development" and "Leveraging Emerging Technologies to Construct the Future", LACCEI 2021 - Virtual, Online Duration: 19 Jul 2021 → 23 Jul 2021 |
Publication series
Name | Proceedings of the LACCEI international Multi-conference for Engineering, Education and Technology |
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Volume | 2021-July |
ISSN (Electronic) | 2414-6390 |
Conference
Conference | 19th LACCEI International Multi-Conference for Engineering, Education Caribbean Conference for Engineering and Technology: "Prospective and Trends in Technology and Skills for Sustainable Social Development" and "Leveraging Emerging Technologies to Construct the Future", LACCEI 2021 |
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City | Virtual, Online |
Period | 19/7/21 → 23/7/21 |
Bibliographical note
Publisher Copyright:© 2021 Latin American and Caribbean Consortium of Engineering Institutions. All rights reserved.
All Science Journal Classification (ASJC) codes
- Engineering (miscellaneous)
- Education