Highway demand forecasting - PowerPoint PPT Presentation


Effective Budgeting and Forecasting Practices for Improved Resource Allocation

Understand the key differences between budgeting and forecasting, why they are essential, and where these processes are carried out. Learn about historical forecasting methods, the introduction of the Budgeting and Forecasting Tool (BFT) for increased efficiency, and the importance of BFT reporting

2 views • 31 slides


Demand Estimation and Demand Forecasting

Demand estimation and forecasting are crucial processes for businesses to predict future demand for their products or services. Demand estimation involves analyzing the impact of various variables on demand levels and pricing strategies, while demand forecasting helps in planning production, new pro

1 views • 7 slides



INVENTORY MANAGEMENT.

Managing inventory under ISO 15189 guidelines involves Quantity, Quality, and Process management. Key aspects include demand forecasting, inventory movement control, consumption planning, and ensuring fitness for purpose. Quantity management aims to balance demand and supply, manage supply economics

5 views • 13 slides


Leveraging Machine Learning for Cargo Demand Forecasting and Pricing Optimization (1)

In today's dynamic global market, the transportation industry faces numerous challenges, from fluctuating demand to complex pricing structures. To navigate these challenges effectively, companies are turning to advanced technologies like machine learning to forecast cargo demand and optimize pricing

8 views • 5 slides


Methods for Predicting Cargo Demand to Improve Revenue Management

In the competitive landscape of cargo transportation, accurately forecasting demand is crucial for optimizing revenue management. Predictive analytics play a pivotal role in aligning capacity with demand, ensuring efficient operations, and maximizing profitability. By leveraging advanced forecasting

1 views • 6 slides


Demand Forecasting in Cargo Transport by Revenue Technology Services

Demand forecasting in cargo transport plays a crucial role in ensuring efficient and reliable logistics operations. Revenue Technology Services (RTS), a leader in cargo solutions, offers innovative forecasting tools that help businesses navigate the complexities of supply chain management. With the

1 views • 6 slides


Demand Forecasting Techniques in Cargo Operations

In the dynamic world of cargo operations, effective demand forecasting is pivotal for streamlined logistics and maximized profitability. Revenue Technology Services (RTS), a leader in cargo strategy consulting, emphasizes the importance of leveraging sophisticated demand forecasting techniques to st

0 views • 6 slides


Principles of Traffic Demand Analysis and Highway Demand Forecasting

Understanding traffic flows is crucial in designing highways and managing traffic effectively. Traffic demand analysis involves forecasting future traffic volumes, modeling demand, and determining the necessary infrastructure improvements. This analysis helps in estimating axle loadings, pavement th

0 views • 36 slides


Understanding Economic Forecasting with Simulation Models

Explore the concept of economic forecasting using multi-equation simulation models, focusing on producing data that follows estimated equations rather than estimating model parameters. Learn about endogenous and exogenous variables, the importance of assumptions in forecasting, and the use of simula

0 views • 38 slides


Operations Planning and Control: Forecasting Methods Overview

Forecasting is a crucial process in operations management, involving the estimation of future events based on past and present information. This chapter covers the significance of forecasts, characteristics of forecasting, role in decision-making, various forecasting methods (qualitative and quantit

3 views • 74 slides


Understanding the Importance of Business Forecasting

Business forecasting involves predicting future trends based on past and present data to make informed decisions and allocate resources strategically. By utilizing quantitative and qualitative forecasting methods, organizations can adapt their business strategies, maximize resources, and stay compet

0 views • 9 slides


Efficient Cash Flow Forecasting for Government Financial Management

Efficient cash flow forecasting is vital for government financial management to ensure budget targets are achieved, expenditures are smoothly financed, and potential problems are detected early. By forecasting daily cash flows, governments can manage their cash efficiently, optimize cash balances, r

1 views • 36 slides


Strategic Tourism Demand Forecasting Methods

The chapter delves into qualitative and quantitative approaches for tourism demand forecasting, including the Delphi method and executive opinion juries. It explores advanced forecasting methods and the application of big data analytics in the tourism industry. The focus is on generating expert opin

1 views • 39 slides


Understanding Demand Forecasting for Better Business Planning

Demand forecasting is a crucial aspect of business decision-making, allowing organizations to estimate future demand for their products or services. Dr. Pooja Singh, an Assistant Professor at Chhatrapati Shahu Ji Maharaj University in Kanpur, explains the art and methods of demand forecasting, its u

0 views • 9 slides


Forecasting Methods and Techniques for Demand Planning

Explore different forecasting methods such as Naive Approach, Moving Average, Weighted Moving Average, and their applications in demand forecasting. Understand the concepts, advantages, and limitations of each method through examples and visual representations.

9 views • 12 slides


Seasonal Forecasting: Temperature and Precipitation Outlooks

Explore the world of seasonal forecasting through this presentation, covering topics such as the definition of seasonal forecast, sources of predictability, real-time forecasting over the Arctic, and the importance of ensembles in forecasting accuracy. Discover how seasonal outlooks play a crucial r

1 views • 24 slides


Financial Forecasting: Short vs Long Term Strategies

Explore the differences between short and long-term financial forecasting in this informative presentation. Understand the importance of accurate forecasting for guiding policy decisions, strategic planning, and maintaining fiscal discipline. Learn about forecasting methodologies, managing expenditu

0 views • 43 slides


Basic Forecasting Tutorial with EViews

EViews provides a powerful forecasting tool for obtaining forecasts from estimated models. This tutorial covers basic procedures for forecasting, including static vs. dynamic forecasts, forecast evaluation, errors and variances, forecasting with exogenous variables, and forecasting with auto-series.

1 views • 56 slides


Understanding the Forecasting Process with Dr. Mohammed Alahmed

Dr. Mohammed Alahmed provides a comprehensive guide to the forecasting process, covering problem definition, gathering information, model selection, evaluation, and more. The content highlights key steps such as specifying objectives, identifying time dimensions, and evaluating forecasting models fo

0 views • 42 slides


Roadside Safety Gore Points: Highway Work Caution

Working on highway shoulders requires utmost caution and awareness due to the dangers posed by passing traffic. Participants must always face traffic, be vigilant of potential obstacles, and avoid entering gore points. These traffic decision points demand extra attention as motorists enter or exit h

0 views • 5 slides


Subarea and Highway Corridor Studies: Travel Demand Modeling and Refinements

In this lesson, we delve into subarea and corridor studies focusing on travel demand model refinements, highway network coding, corridor congestion relief, and trip assignment theory. Subarea modeling plays a crucial role in forecasting travel within smaller regions with detailed traffic patterns, t

1 views • 45 slides


Governors Highway Safety Program Overview

The Governors Highway Safety Program (GHSP) in Vermont has undergone a change in venue, now operating under the newly established Highway Safety Office at the Agency of Transportation (AOT). This strategic restructuring aims to enhance collaborative efforts and streamline highway safety initiatives

0 views • 48 slides


Tennessee Highway Safety Office Overview & Funding Details

The Tennessee Highway Safety Office (THSO) plays a crucial role in implementing statewide programs focused on highway safety, including occupant protection, impaired driving, speed enforcement, and more. Established in 1967, THSO administers federally-funded programs following the federal fiscal yea

0 views • 16 slides


Nevada Department of Transportation Overview

The Nevada Department of Transportation (NDOT) is responsible for the planning, construction, operation, and maintenance of the state highway system, which includes over 5,400 miles of highways and 1,000 bridges. NDOT is funded through state highway funds and federal funds without utilizing any gene

2 views • 16 slides


Occupational Forecasting and Industry Projections in Louisiana

Occupational Forecasting and Industry Projections in Louisiana are crucial for workforce planning and economic development. The process involves annual projections by industry and occupation, updated with new demand and wage data. The Occupational Forecasting Conference, overseen by key stakeholders

0 views • 14 slides


SUFG Stakeholder Workshop Insights on Utility Forecasting and Evaluation

Stakeholder feedback from the ENERGY CENTER State Utility Forecasting Group (SUFG) workshop highlights considerations for improving load forecasting techniques, including the use of binary variables, end-use models, state-level data access, and economic model adjustments. Insights on electricity pri

0 views • 47 slides


Comparison of Kentucky Highway Fatality Rates Across Multiple States

Analysis reveals Kentucky's highway fatality rates in comparison to other states over the years 2005, 2013, 2014, and 2015. Data from the National Highway Traffic Safety Administration (NHTSA) shows variations in fatalities per 100 million vehicle miles traveled, positioning Kentucky among the state

0 views • 29 slides


Exploring Modern Forecasting Methods in Fashion and Megatrends

Delve into the world of fashion forecasting and megatrends, understanding the significance of long-term forecasting in decision-making for the textile and apparel industry. Discover the methodology, evolution, and key concepts of trendspotting, style eruptions, and the process of long-term forecasti

1 views • 19 slides


Operational Ocean Modeling and Forecasting Systems

This content provides an overview of various operational ocean modeling and forecasting systems, including data assimilation processes, glider data, surface and subsurface data sources, forecasting models for hurricanes, and NOAA's hurricane forecasting models. It covers a range of technologies and

0 views • 16 slides


Transforming Dixie Highway Project Overview

The Transforming Dixie Highway project aims to address existing conditions on Dixie Highway, focusing on highway improvements, bus rapid transit, and intelligent transportation systems. Key components include crucial partnerships with transportation entities, extreme challenges such as physical cons

0 views • 13 slides


Adapting DWP Forecasting for Covid-19 Challenges Using Hybrid Dynamic Microsimulation Approach

DWP adapted its forecasting for Covid-19 challenges by implementing a hybrid dynamic microsimulation approach at the IMA Conference in Dec '20. The organization's strong track record in microsimulation includes developments in AnyLogic translation, working age modeling, and forecasting. The plan inv

0 views • 11 slides


Advancing the Living with a Star Program: Science Goals and Community Priorities

The Living with a Star (LWS) program, led by a dedicated steering committee, aims to provide yearly reports, set long-term visions, and address key science topics in solar and space physics. The community priorities include enabling discovery and addressing societal needs, emphasizing the importance

0 views • 11 slides


Advances in Operational Air Quality Forecasting and Data Assimilation

Key observations and advancements in operational air quality forecasting and data assimilation were highlighted in sessions featuring prominent experts from various organizations like ECMWF/CAMS, GAFIS, NOAA, and ECCC. Topics discussed ranged from progress and challenges in air quality forecasting i

0 views • 12 slides


Understanding Degrees of Elasticity of Demand

Elasticity of demand refers to the responsiveness of quantity demanded to changes in price. Perfectly elastic demand occurs when there is an infinite demand at a particular price and demand becomes zero with a slight rise in price. Conversely, perfectly inelastic demand occurs when there is no chang

0 views • 11 slides


Implementation Plan for Food Security Forecasting Model in AFSIS Project

This project led by Shoji Kimura aims to promote food security through the development of a forecasting model within the ASEAN Food Security Information System (AFSIS). The plan involves creating supply and demand forecasting information, training on forecasting methods, developing the F Model, and

0 views • 18 slides


Enhancing Forecasting Techniques for Inventory Management

Explore improved forecasting methods for better anticipating rising or falling demand, handling seasonal demand fluctuations, and utilizing alternative techniques in inventory management. Dr. Tony Wild presents insightful strategies and figures showcasing double exponential smoothing, trend forecast

0 views • 12 slides


Seasonal Variations in Demand Forecasting Using Multiplicative Seasonal Model

Understanding and utilizing the multiplicative seasonal model for demand forecasting involves computing average historical demand for each season, determining the average demand across all seasons, calculating seasonal indices, and estimating total demand for the upcoming year based on these factors

0 views • 25 slides


Understanding Demand and Consumer Behavior in Economics

Demand in economics refers to the quantity of a commodity consumers are willing to buy at a given price within a specific time period. Various factors influence demand, such as price, consumer income, related goods prices, consumer preferences, advertising, and population size. Types of demand inclu

0 views • 20 slides


Understanding the Market Force of Demand

Demand is essential in economics, representing the quantity buyers are willing to purchase at different prices. The Law of Demand asserts that as prices rise, demand falls. Through demand schedules and curves, we analyze how factors like price, number of buyers, income, and related goods influence d

2 views • 13 slides


Understanding Demand Analysis in Economics

Demand analysis in economics involves studying individual and market demand, demand schedules, determinants, the law of demand, exceptions, and factors influencing changes in demand. Dr. Sachin M. Prayag explains the concept of demand, including desire, willingness to pay, and ability to pay, with g

0 views • 15 slides