Manheim Auto Auctions Aggregate Planning & Forecasting Project
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In 2009, Manheim Inc.’s clients missed bidding on 50% of the cars they were interested in. Using regression analysis and forecasting, this team created a dynamic schedule updating predicted arrival windows for each vehicle at any given auction. Additionally, Manheim did not have a statistically based driver staffing method, so the team provided them with a decision-making driver staffing tool. In total, this project adds $1.8 million yearly to 11 of Manheim’s locations.
- ISYE Senior Design