Demand forecasting for retail inventory management using time series analysis – Complete Phd and Masters Thesis

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Introduction:

Demand forecasting is a crucial element in retail inventory management as it aids in optimizing inventory levels, reducing costs, and improving customer satisfaction. Time series analysis is a commonly used technique in forecasting future demand based on past data patterns. This study aims to investigate the effectiveness of time series analysis in demand forecasting for retail inventory management.

Chapter 1: Introduction
1.1 Introduction
1.2 Background of study
1.3 Problem Statement
1.4 Objective of study
1.5 Limitation of study
1.6 Scope of study
1.7 Significance of study
1.8 Structure of the Thesis
1.9 Definition of terms

Chapter 2: Literature Review
2.1 Importance of demand forecasting in retail inventory management
2.2 Methods of demand forecasting
2.3 Time series analysis in demand forecasting
2.4 Challenges in demand forecasting
2.5 Benefits of accurate demand forecasting
2.6 Case studies on demand forecasting in retail
2.7 Technologies for demand forecasting
2.8 Integration of demand forecasting with inventory management systems
2.9 Forecasting accuracy metrics
2.10 Current trends in demand forecasting for retail

Chapter 3: Research Methodology
3.1 Research design
3.2 Data collection methods
3.3 Data preprocessing techniques
3.4 Time series analysis models selection
3.5 Model evaluation criteria
3.6 Software tools for analysis
3.7 Sampling techniques
3.8 Ethical considerations in research

Chapter 4: Discussion of Findings
4.1 Analysis of demand forecasting models
4.2 Comparison of forecasting accuracy
4.3 Factors influencing demand forecasting
4.4 Implications for retail inventory management
4.5 Recommendations for improving forecasting accuracy
4.6 Future research directions
4.7 Case studies on successful implementation
4.8 Challenges faced in implementation

Chapter 5: Conclusion and Summary
5.1 Summary of key findings
5.2 Contributions to the field
5.3 Practical implications for retail industry
5.4 Limitations of the study
5.5 Recommendations for future research
5.6 Conclusion

Thesis Overview:

Demand forecasting is a critical aspect of retail inventory management as it assists in predicting customer demand, optimizing inventory levels, and improving overall operational efficiency. Time series analysis is a valuable tool for forecasting future demand based on historical data patterns. This thesis seeks to explore the effectiveness of time series analysis in demand forecasting for retail inventory management.

Chapter 1 provides an introduction to the study, including the background, problem statement, objectives, limitations, scope, significance, and structure of the thesis. Chapter 2 presents a comprehensive literature review on demand forecasting, time series analysis, methods, challenges, benefits, technologies, integration with inventory management systems, forecasting accuracy metrics, and current trends.

Chapter 3 details the research methodology, covering research design, data collection methods, preprocessing techniques, model selection, evaluation criteria, software tools, sampling techniques, and ethical considerations. Chapter 4 discusses the findings of the study, including the analysis of demand forecasting models, forecasting accuracy comparisons, factors influencing demand forecasting, implications for inventory management, recommendations for improvement, and case studies.

Chapter 5 concludes the thesis with a summary of key findings, contributions to the field, practical implications for the retail industry, limitations of the study, recommendations for future research, and a final conclusion. This thesis aims to provide valuable insights into the use of time series analysis for demand forecasting in retail inventory management and offer practical recommendations for enhancing forecasting accuracy and operational efficiency.

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