Suryani, Erma (2011) Dynamic Simulation Model of Demand Forecasting and Capacity planning. In: AMSTECS 2011, 19-20 March 2011, Tokyo, Japan.
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ITS-Article-20656-DYNAMIC_SIMULATION_MODEL_OF_DEMAND_FORECASTING_AND_CAPACITY_PLANNING.pdf - Published Version Download (299kB) | Preview |
Abstract
This paper has developed a set of models for demand forecasting and capacity planning based on
optimistic and pessimistic projections. These projections have been developed by utilizing structure
and parameter scenarios. A system dynamics framework is used to model and to generate scenarios
because of their capability of representing physical and information flows to understand the nonlinear
dynamics behavior. It was found that construction, GDP, and investment growths have a significant
contribution to the demand growth. From the scenario models we noted that if the demand growth rate
is projected at around 7% annually and without capacity expansion, there would be capacity shortage
starting from 2011. With capacity expansion at around 5 million tonnes and under favorable economic
condition, it will meet the future demand until 2017. Meanwhile based on pessimistic projection,
with capacity expansion, the firm’s might always satisfy the market demand at least until 2020.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Additional Information: | Collection ID : 99005120000065 |
| Uncontrolled Keywords: | Capacity planning; Demand forecasting; Scenarios; System dynamics; Feedback loops |
| Subjects: | H Social Sciences > HB Economic Theory > Economic forecasting--Mathematical models. T Technology > T Technology (General) > T57.62 Simulation |
| Divisions: | Faculty of Information Technology > Information System |
| Depositing User: | - Davi Wah |
| Date Deposited: | 14 Oct 2019 07:15 |
| Last Modified: | 14 Oct 2019 07:15 |
| URI: | http://repository.its.ac.id/id/eprint/71092 |
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