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Key assumptions in calculating the Cost of Forecast Error. A commentary on Peter Catt’s article, assessing the Cost of Forecast Error, in Issue 7 of Foresight

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Key assumptions in calculating the Cost of Forecast Error. A commentary on Peter Catt’s article, assessing the Cost of Forecast Error, in Issue 7 of Foresight. / Boylan, John.

In: Foresight: The International Journal of Applied Forecasting, Vol. 8, 2007, p. 22-24.

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@article{f13aa7c36cad48af83f021bf75769dac,
title = "Key assumptions in calculating the Cost of Forecast Error. A commentary on Peter Catt{\textquoteright}s article, assessing the Cost of Forecast Error, in Issue 7 of Foresight",
abstract = "John{\textquoteright}s key points are these. • Organizations should consider which service level measure aligns most closely to their corporate objectives. Cost of Forecast Error (CFE) calculations should be based on this measure. • Assessment of service level targets at higher levels of aggregation elevates an operational task to a strategic issue and facilitates consideration of external factors. • Alternative approaches which do not depend on Cost of Forecast Error estimates, such as tradeoff curves, should be considered. Copyright International Institute of Forecasters, 2007",
author = "John Boylan",
year = "2007",
language = "English",
volume = "8",
pages = "22--24",
journal = "Foresight: The International Journal of Applied Forecasting",
issn = "1555-9068",
publisher = "International Institute of Forecasters",

}

RIS

TY - JOUR

T1 - Key assumptions in calculating the Cost of Forecast Error. A commentary on Peter Catt’s article, assessing the Cost of Forecast Error, in Issue 7 of Foresight

AU - Boylan, John

PY - 2007

Y1 - 2007

N2 - John’s key points are these. • Organizations should consider which service level measure aligns most closely to their corporate objectives. Cost of Forecast Error (CFE) calculations should be based on this measure. • Assessment of service level targets at higher levels of aggregation elevates an operational task to a strategic issue and facilitates consideration of external factors. • Alternative approaches which do not depend on Cost of Forecast Error estimates, such as tradeoff curves, should be considered. Copyright International Institute of Forecasters, 2007

AB - John’s key points are these. • Organizations should consider which service level measure aligns most closely to their corporate objectives. Cost of Forecast Error (CFE) calculations should be based on this measure. • Assessment of service level targets at higher levels of aggregation elevates an operational task to a strategic issue and facilitates consideration of external factors. • Alternative approaches which do not depend on Cost of Forecast Error estimates, such as tradeoff curves, should be considered. Copyright International Institute of Forecasters, 2007

M3 - Journal article

VL - 8

SP - 22

EP - 24

JO - Foresight: The International Journal of Applied Forecasting

JF - Foresight: The International Journal of Applied Forecasting

SN - 1555-9068

ER -