Analysis and Optimization Strategies for Demand Forecasting Issues at MIXUE

This study addresses demand forecasting challenges at MIXUE, a beverage chain, focusing on issues like high subjectivity and significant prediction errors that lead to market volatility and operational inefficiencies. Despite the critical role of the food and beverage industry in economic growth, MIXUE faces intense competition, emphasizing the need for accurate demand forecasting. This research aims to analyze historical sales data using time series analysis to identify patterns, optimize demand forecasting methods, and reduce data volatility. The study develops a demand forecasting model to align supply and demand, improve revenue management, and mitigate risks associated with uncertainty. Results highlight the importance of precise demand forecasting in enhancing operational efficiency, reducing costs, and maximizing profits. This research provides actionable insights for MIXUE to better anticipate market trends and strengthen its competitive position.

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Publication Details

Journal
International Journal on Economics Finance and Sustainable Development
Published
2024-12-24
DOI
https://doi.org/10.31149/ijefsd.v6i12.5346
Citations
1
Primary Topic
Fault Detection and Control Systems
Type
article
Field-Weighted Citation Impact
0.33
Controls
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article

Analysis and Optimization Strategies for Demand Forecasting Issues at MIXUE

Shihua Chen, Wen Li, Xin Meng
1 citations
International Journal on Economics Finance and Sustainable Development
Fault Detection and Control Systems
0.33
article

Analysis and Optimization Strategies for Demand Forecasting Issues at MIXUE

Shihua Chen, Wen Li, Xin Meng
article en
1 citations

Abstract

This study addresses demand forecasting challenges at MIXUE, a beverage chain, focusing on issues like high subjectivity and significant prediction errors that lead to market volatility and operational inefficiencies. Despite the critical role of the food and beverage industry in economic growth, MIXUE faces intense competition, emphasizing the need for accurate demand forecasting. This research aims to analyze historical sales data using time series analysis to identify patterns, optimize demand forecasting methods, and reduce data volatility. The study develops a demand forecasting model to align supply and demand, improve revenue management, and mitigate risks associated with uncertainty. Results highlight the importance of precise demand forecasting in enhancing operational efficiency, reducing costs, and maximizing profits. This research provides actionable insights for MIXUE to better anticipate market trends and strengthen its competitive position.

International Journal on Economics Finance and Sustainable DevelopmentVol. 6(12)
Macao Polytechnic University (MO)
Openalex Percentile: Top 38%
Fault Detection and Control Systems
0.33
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Analysis and Optimization Strategies for Demand Forecasting Issues at MIXUE — Shihua Chen, Wen Li, et al. · International Journal on Economics Finance and Sustainable Development (2024) | TGRS Research Map | TGRS