Details

Title

The Use of Some Forecasting Methods and SWOT Analysis in the Selected Processes of Foundry

Journal title

Archives of Foundry Engineering

Yearbook

2017

Numer

No 4

Keywords

Industrial and Manufacturing Engineering ; Metals and Alloys

Divisions of PAS

Nauki Techniczne

Abstract

<jats:title>Abstract</jats:title><jats:p>Forecasting and analysis SWOT are helping tools in the business activity, because under conditions of dynamic changes in both closer and more distant surroundings, reliable, forward-looking information and trends analysis are playing a decisive role. At present, the ability to use available data in forecasting and other analyzes according with changes in business environment are the key managerial skills required, since both forecasting and SWOT analysis are a integral part of the management process, and the appropriate level of forecasting knowledge is increasingly appreciated. Examples of practical use of some forecasting methods in optimization of the procurement, production and distribution processes in foundries are given. The possibilities of using conventional quantitative forecasting methods based on econometric and adaptive models applying the creep trend and harmonic weights are presented. The econometric models were additionally supplemented with the presentation of error estimation methodology, quality assessment and statistical verification of the forecast. The possibility of using qualitative forecasts based on SWOT analysis was also mentioned.</jats:p>

Publisher

The Katowice Branch of the Polish Academy of Sciences

Date

2017

Identifier

ISSN 2299-2944

DOI

10.1515/afe-2017-0160

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