Demand forecast with information centralization based on machine learning

Demand forecasting is a critical element in modern supply chain operations and a key subject of study in the field of supply chain academia. It was influenced by various forms of relevant information, encompassing historical demand data, current market conditions, economic trends, and other demand-i...

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Main Author: Xie, Jiyun
Other Authors: Chen Songlin
Format: Thesis-Master by Coursework
Language:English
Published: Nanyang Technological University 2024
Subjects:
Online Access:https://hdl.handle.net/10356/173809
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1738092024-03-02T16:51:44Z Demand forecast with information centralization based on machine learning Xie, Jiyun Chen Songlin School of Mechanical and Aerospace Engineering Songlin@ntu.edu.sg Engineering Demand forecasting Machine learning Supply chain management Demand forecasting is a critical element in modern supply chain operations and a key subject of study in the field of supply chain academia. It was influenced by various forms of relevant information, encompassing historical demand data, current market conditions, economic trends, and other demand-influencing factors. While much scholarly attention has been directed at mitigating the bullwhip effect through vertical information sharing to enhance demand forecasting accuracy, this paper shifts focus to information centralization. Specifically, it examines how stakeholders at the same supply chain level can improve forecasting accuracy by centralizing demand information horizontally. This paper introduces two novel methods for information centralization to improve demand forecasting and validates these methods using open-source datasets. Artificial neural network models from machine learning are utilized for demand forecasting practices. Additionally, it offers a comparative analysis of these methods, highlighting potential areas for enhancement and further research. Master's degree 2024-02-28T08:19:28Z 2024-02-28T08:19:28Z 2023 Thesis-Master by Coursework Xie, J. (2023). Demand forecast with information centralization based on machine learning. Master's thesis, Nanyang Technological University, Singapore. https://hdl.handle.net/10356/173809 https://hdl.handle.net/10356/173809 en application/pdf Nanyang Technological University
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Engineering
Demand forecasting
Machine learning
Supply chain management
spellingShingle Engineering
Demand forecasting
Machine learning
Supply chain management
Xie, Jiyun
Demand forecast with information centralization based on machine learning
description Demand forecasting is a critical element in modern supply chain operations and a key subject of study in the field of supply chain academia. It was influenced by various forms of relevant information, encompassing historical demand data, current market conditions, economic trends, and other demand-influencing factors. While much scholarly attention has been directed at mitigating the bullwhip effect through vertical information sharing to enhance demand forecasting accuracy, this paper shifts focus to information centralization. Specifically, it examines how stakeholders at the same supply chain level can improve forecasting accuracy by centralizing demand information horizontally. This paper introduces two novel methods for information centralization to improve demand forecasting and validates these methods using open-source datasets. Artificial neural network models from machine learning are utilized for demand forecasting practices. Additionally, it offers a comparative analysis of these methods, highlighting potential areas for enhancement and further research.
author2 Chen Songlin
author_facet Chen Songlin
Xie, Jiyun
format Thesis-Master by Coursework
author Xie, Jiyun
author_sort Xie, Jiyun
title Demand forecast with information centralization based on machine learning
title_short Demand forecast with information centralization based on machine learning
title_full Demand forecast with information centralization based on machine learning
title_fullStr Demand forecast with information centralization based on machine learning
title_full_unstemmed Demand forecast with information centralization based on machine learning
title_sort demand forecast with information centralization based on machine learning
publisher Nanyang Technological University
publishDate 2024
url https://hdl.handle.net/10356/173809
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