A Novel Dynamic Demand Forecasting Model for Resilient Supply Chains using Machine Learning

Author(s):  
Md. Erfanul Hoque ◽  
Aerambamoorthy Thavaneswaran ◽  
Srimantoorao S. Appadoo ◽  
Ruppa K. Thulasiram ◽  
Behrouz Banitalebi
2021 ◽  
Vol 12 (6) ◽  
pp. 1-24
Author(s):  
Shaojie Qiao ◽  
Nan Han ◽  
Jianbin Huang ◽  
Kun Yue ◽  
Rui Mao ◽  
...  

Bike-sharing systems are becoming popular and generate a large volume of trajectory data. In a bike-sharing system, users can borrow and return bikes at different stations. In particular, a bike-sharing system will be affected by weather, the time period, and other dynamic factors, which challenges the scheduling of shared bikes. In this article, a new shared-bike demand forecasting model based on dynamic convolutional neural networks, called SDF , is proposed to predict the demand of shared bikes. SDF chooses the most relevant weather features from real weather data by using the Pearson correlation coefficient and transforms them into a two-dimensional dynamic feature matrix, taking into account the states of stations from historical data. The feature information in the matrix is extracted, learned, and trained with a newly proposed dynamic convolutional neural network to predict the demand of shared bikes in a dynamical and intelligent fashion. The phase of parameter update is optimized from three aspects: the loss function, optimization algorithm, and learning rate. Then, an accurate shared-bike demand forecasting model is designed based on the basic idea of minimizing the loss value. By comparing with classical machine learning models, the weight sharing strategy employed by SDF reduces the complexity of the network. It allows a high prediction accuracy to be achieved within a relatively short period of time. Extensive experiments are conducted on real-world bike-sharing datasets to evaluate SDF. The results show that SDF significantly outperforms classical machine learning models in prediction accuracy and efficiency.


IEEE Access ◽  
2020 ◽  
Vol 8 ◽  
pp. 116013-116023 ◽  
Author(s):  
Muhammad Adnan Khan ◽  
Shazia Saqib ◽  
Tahir Alyas ◽  
Anees Ur Rehman ◽  
Yousaf Saeed ◽  
...  

2020 ◽  
pp. 1-11
Author(s):  
Hongjiang Ma ◽  
Xu Luo

The irrationality between the procurement and distribution of the logistics system increases unnecessary circulation links and greatly reduces logistics efficiency, which not only causes a waste of transportation resources, but also increases logistics costs. In order to improve the operation efficiency of the logistics system, based on the improved neural network algorithm, this paper combines the logistic regression algorithm to construct a logistics demand forecasting model based on the improved neural network algorithm. Moreover, according to the characteristics of the complexity of the data in the data mining task itself, this article optimizes the ladder network structure, and combines its supervisory decision-making part with the shallow network to make the model more suitable for logistics demand forecasting. In addition, this paper analyzes the performance of the model based on examples and uses the grey relational analysis method to give the degree of correlation between each influencing factor and logistics demand. The research results show that the model constructed in this paper is reasonable and can be analyzed from a practical perspective.


Author(s):  
Rodrigo Porteiro ◽  
Luis Hernández-Callejo ◽  
Sergio Nesmachnow

This article presents electricity demand forecasting models for industrial and residential facilities, developed using ensemble machine learning strategies. Short term electricity demand forecasting is beneficial for both consumers and suppliers, as it allows improving energy efficiency policies and the rational use of resources. Computational intelligence models are developed for day-ahead electricity demand forecasting. An ensemble strategy is applied to build the day-ahead forecasting model based on several one-hour models. Three steps of data preprocessing are carried out, including treating missing values, removing outliers, and standardization. Feature extraction is performed to reduce overfitting, reducing the training time and improving the accuracy. The best model is optimized using grid search strategies on hyperparameter space. Then, an ensemble of 24 instances is generated to build the complete day-ahead forecasting model. Considering the computational complexity of the applied techniques, they are developed and evaluated on the National Supercomputing Center (Cluster-UY), Uruguay. Three different real data sets are used for evaluation: an industrial park in Burgos (Spain), the total electricity demand for Uruguay, and demand from a distribution substation in Montevideo (Uruguay). Standard performance metrics are applied to evaluate the proposed models. The main results indicate that the best day ahead model based on ExtraTreesRegressor has a mean absolute percentage error of 2:55% on industrial data, 5:17% on total consumption data and 9:09% on substation data. 


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