Template-Type: ReDIF-Article 1.0
Author-Name: Vojtěch Stehel
Author-Name: Marek Vochozka
Title: The Application of Game Theory to Forecasting Orders
Abstract: The article deals with the effort to forecast the development of future sales over a period of several months. The ability to forecast is very important for a company in terms of being able to manage its working capital i.e. cash flow, materials, semi-products, work in progress, products and receivables, according to the forecast. Forecasting is often very difficult, particularly in a situation when a company enters a new market and has insufficient data over a substantial period of time, in particular when we consider the seasonality of a product or service. The article therefore analyses the possible application of game theory to the forecasting of orders.
Keywords: game theory, forecast, trade, working capital management, controlling
Journal: Littera Scripta
Volume: 8
Issue: 2
Year: 2015
Month: May
DOI: 10.36708/LS.2015.I02.008
File-URL: https://littera-scripta.com/articles/the-application-of-game-theory-to-forecasting-orders-ab9ff51b
File-Format: text/html
Handle: RePEc:rsg:littra:2015-013