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Business process simulation and process quality assessment of Czech online bookshop

Authors :
Tomanová, Petra
Source :
International Conference on Advances in Business and Law (ICABL); Vol. 3 No. 1 (2019): 3rd International Conference on Advances in Business and Law (ICABL-2019); 1-4
Publication Year :
2019
Publisher :
University of Dubai - Dubai Business School, 2019.

Abstract

Accurate estimation of times between arrivals is a key aspect of process simulations and thus efficient decision making. Times between arrivals typically exhibit strong autocorrelation structure which is commonly ignored in the queueing theory. In order to capture the time dependence accurately, we utilize a Generalized Autoregressive Score (GAS) model based on the generalized gamma distribution. Once the process of arrivals is estimated, a process assessment can be performed using process simulations. The results from an empirical study of an online bookshop in Prague, Czech Republic pointed out insufficient resources allocated for the pre-processing and the final stage.

Details

Language :
English
ISSN :
25236547
Database :
OpenAIRE
Journal :
International Conference on Advances in Business and Law (ICABL)
Accession number :
edsair.d00d46eeb74f..dc7f6441569ba909b51e835300b8ef2e