SYSTEMS AND METHODS FOR RETAIL LABOR BUDGETING
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United States of America Patent
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Issued Date -
Dec 3, 2015
app pub date -
May 21, 2015
filing date -
May 27, 2014
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Abstract
A computer implemented method for determining labor forecasts is described. The method includes determining a forecasted business demand in long time intervals based at least in part on historical business demand data. For each time interval in the forecasted business demand, a distribution of the associated forecasted business demand in short time intervals is determined. The method also includes determining forecasted labor hours in the long time intervals based at least in part on the forecasted business demand, the distribution of the associated forecasted business demand and labor standards. The labor standards are specified with respect to time intervals of the second length. A forecasted labor cost in long time intervals is determined based at least in part on the forecasted labor hours and wage rate data. Apparatus and computer readable media are also described.
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