2022
DOI: 10.2507/ijsimm21-4-co20
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Demand Prediction of Production Materials and Simulation of Production Management

Abstract: In modern times, production management must quickly respond to the fluctuations in the demand for production materials by production equipment oriented to different orders. This calls for a reasonable plan for production management. Based on Markov model, this paper explores the demand prediction of production materials, and investigates the simulation of production management. Firstly, the grey system model and the Markov chain model were combined into a hybrid prediction model for the dynamic and time-varyin… Show more

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“…Forecasting techniques employ mathematical calculations to anticipate future situations. The significance of forecasting stems from its crucial role in operations and production management [5]. Building upon previous research [3]- [5], we propose a forecasting approach to address the uncertainty associated with brown sugar production, as highlighted in the preceding paragraph.…”
Section: Introductionmentioning
confidence: 98%
“…Forecasting techniques employ mathematical calculations to anticipate future situations. The significance of forecasting stems from its crucial role in operations and production management [5]. Building upon previous research [3]- [5], we propose a forecasting approach to address the uncertainty associated with brown sugar production, as highlighted in the preceding paragraph.…”
Section: Introductionmentioning
confidence: 98%