Price forecasting of supply chain product based on dynamic fractal dimension
- Publication Type:
- Conference Proceeding
- Proceedings of the International Conference on Information ManagementProceedings of the International Conference on Information Management, Innovation Management and Industrial Engineering, ICIII 2008, 2008, 2 pp. 153 - 156
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Supply chain management (SCM) is an emerging field that has commanded attention and support from the industrial community. Demand forecast taking inventory into consideration is an important issue in SCM. This paper presents a novel computerized system for implementing the forecasting activities required in SCM. It can help the supply chain enterprises find hidden forms, trends and relationships in the date of supply chain by the dynamic fractal dimension of fractal theory, find that dynamic fractal dimension not only can overcome the delay of the existing technical analysis on the price forecasts, and but also can instruct the supply chain product prices in advance. © 2008 IEEE.
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