Breaking Down Silos: Optimal Aligned Decisions via Forecast Reconciliation. This project aims to develop new forecasting methods, where forecasts are needed at different levels of aggregation, such as

Description

Breaking Down Silos: Optimal Aligned Decisions via Forecast Reconciliation. This project aims to develop new forecasting methods, where forecasts are needed at different levels of aggregation, such as store level and total regional demand in retail. This project expects to generate new knowledge in terms of forecasting methods that are robust to extreme events such as supply chain disruptions, while ensuring decisions made by different agents in an organisation are aligned. An interdisciplinary approach, using techniques from mathematical optimisation and statistics will be taken. Expected outcomes include improved forecasting methods placed on a rigorous footing by new theory. This should provide significant benefits, including efficient retail operations and better planning of infrastructure investment in energy.. Scheme: Discovery Projects. Field: 3802 - Econometrics. Lead: A/Prof Anastasios Panagiotelis