Session: Research Posters

Paper Number: 120262

120262 - Multifaceted and Dynamic Forecast of the Consumer Specific Requirements: Foresight for the Market Intelligence 

The monitoring of population dynamics gives scope for the sustainable sufficiency in terms of the productivity, livelihood, infrastructural needs, geographic needs, food, agricultural needs, shelter, education, health, etc. that in turn stabilizes the national and global society through the effective management of the resources, the natural resources, and the human resources.  It is an established policy to provide the reasonable opportunity to the wide spread population for the primary purpose of humanitarian needs and effective utilization of the human resources.  It is also a widely accepted fact that the needful purpose of the economy would be served by the reasonable attitude towards the responsibility, tolerance, knowledge of incompatible insufficiency, restraint for unethical mobilization, understanding the need to adapt, reasonable attitude towards the adjustment of the schedule, understanding the prevailing needs, and the survival of the fittest.  However, the realization for the sustenance of the entity includes the adjustment of the system to satisfy the legitimate needs, by the human resource strategies that are suitable for withstanding the situation.  The effective human resource management includes the application of analytical tools to forecast the requirements, by means of the affordable schedule.  The specifics of the weighted average of population can prove to be an effective parameter in the forecast of such requirements at the micro scale.  The factors that contribute to the evaluation of demand versus supply of various community requirements reflect in the analytical process.  A method of including the parameters that evolve at the forecast metrics to contribute to the conveyance of the requirements by a verifiable means of quantification can be envisaged as an effective means of time and resource efficient strategy.  Such a method finds substantial application in the operations that are specific to a pandemic, calamity, economic constraints, security situation, etc.  Such a method also plays a role in obtaining the confidential information in sensitive situations, that in turn helps in the decision making process.  Furthermore, such a method finds significance in propagating the initiatives for the resource allocation, sufficiency of the resources, and the ecological balance by the use of demographics.  Analysis of the eligible data frame work to represent the domain of the subject of discussion, validates the sampling procedure.  Developing a database that helps in perceiving the trends over the sufficient time further acts in validating the decision making process at the preliminary phase.  Organization of the database to receive and validate the inputs contributes to the economics, effort and time efficient method of the real-time forecast.

Presenting Author: Pratusha Bandla VNRVJIET

Presenting Author Biography: VNRVJIET

Authors:

Satya Prasad Paruchuru VNR VJIET
Pratusha Bandla VNRVJIET