Title: Forecasting and planning: a review of contemporary issues and developments

Authors: Pavel Bondarev; Andrey Fendyur

Addresses: Telus Telecommunications Inc., 411 1st St SE, Calgary, AB, T2G 4Y5, Canada. ' OPMA Area, Scurfield Hall, Haskayne School of Business, University of Calgary, 2500 University Dr. NW, Calgary, AB, T2N 1N4, Canada

Abstract: The present review of remarkable developments in the forecasting/planning field aimed to provide highlights of conceptual and applied contributions that recently benefited scholar research and practice. The paper balanced conceptual and technical developments to show both qualitative and quantitative challenges that forecasting/planning faces. The study identified future research areas for academia and practice to pursue for achieving improvements in planning/forecasting and resulting leverage in business performance.

Keywords: planning efficiency; forecasting; modelling; scenario planning; scholarly research; conceptual developments; technical developments; qualitative challenges; quantitative challenges; future research; academia; leverage; business performance; decision sciences; risk management.

DOI: 10.1504/IJDSRM.2012.046621

International Journal of Decision Sciences, Risk and Management, 2012 Vol.4 No.1/2, pp.152 - 162

Received: 20 Sep 2011
Accepted: 02 Dec 2011

Published online: 02 May 2012 *

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