Evaluating human behaviour in response to AI recommendations for judgemental forecasting

DOI10.1016/J.EJOR.2022.03.017MaRDI QIDQ2160503zbMATH OpenOpenAlexFDO

Authors Naghmeh Khosrowabadi, Kai Hoberg, Christina Imdahl

Publication date 3 August 2022

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2022.03.017

zbMATH Keywords

machine learningsupply chain managementempirical dataforecasting support systemsjudgmental adjustment

Mathematics Subject Classification ID

Operations research and management science (90Bxx)

Recommendations

• Nonlinear identification of judgmental forecasts effects at SKU level
• Do `big losses' in judgmental adjustments to statistical forecasts affect experts' behaviour?
• Enriching demand forecasts with managerial information to improve inventory replenishment decisions: exploiting judgment and fostering learning
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• A comparative study of demand forecasting models for a multi-channel retail company: a novel hybrid machine learning approach

Cites work

• Behavioral demand effects when buyers anticipate inventory shortages
• Do `big losses' in judgmental adjustments to statistical forecasts affect experts' behaviour?
• Do experts' adjustments on model-based SKU-level forecasts improve forecast quality?
• Ordering behavior in retail stores and implications for automated replenishment
• Random forests
• Statistical modeling: The two cultures. (With comments and a rejoinder).
• The effects of integrating management judgement into OUT levels: in or out of context?
• The overconfident and optimistic price-setting newsvendor
• Using judgment to select and adjust forecasts from statistical models

Cited in

(1)

• Use of contextual and model-based information in adjusting promotional forecasts

Describes a project that uses

Uses Software

• ElemStatLearn

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