University of Twente Student Theses
Demand forecasting at Nijhof-Wassink : Implementing a forecasting procedure for transportation provider Nijhof-Wassink using company and macro economic data sources
Jager, A.H. de (2024) Demand forecasting at Nijhof-Wassink : Implementing a forecasting procedure for transportation provider Nijhof-Wassink using company and macro economic data sources.
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| Abstract: | Nijhof-Wassink is an international transportation service provider, mainly working in the Netherlands. In the chemical logistics divisions Dry Bulk Logistics (DBL), and Liquid Bulk Logistics (LBL). The number of orders greatly influences the cost pricing of individual orders. As clients do not explicitly pay for the kilometers driven towards the pick-up points, these empty kilometers cause volatility in costs. Therefor, being able to accurately match demand with capacity reduces the driven empty kilometers which in turn lowers the cost per order. Nijhof-Wassink wants to accurately set their sales prices, which is the motivation for predicting future demand. The research question is defined as: How can Nijhof-Wassink’s chemical division utilize historical data and external factors to better understand and forecast their monthly demand? |
| Item Type: | Essay (Bachelor) |
| Clients: | Nijhof-Wassink, Rijssen, Netherlands |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 01 general works |
| Programme: | Industrial Engineering and Management BSc (56994) |
| Link to this item: | https://purl.utwente.nl/essays/104726 |
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