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Intelligent Decision Support Machine Learning Based Optimizing Inventory Management
Faculty
Computer Science
Year:
2023
Type of Publication:
ZU Hosted
Pages:
41-50
Authors:
Nesreen Abdelghafar Soliman Elsaber
Staff Zu Site
Abstract In Staff Site
Journal:
American Journal of Business and Operations Research (AJBOR) American Scientific Publishing Group
Volume:
9
Keywords :
Intelligent Decision Support Machine Learning Based
Abstract:
Inventory management (InvM) is a critical aspect of supply chain management (SCM) and optimizing inventory levels can lead to significant cost savings and improved customer satisfaction. Hence, business organizations have recently worked to increase the value of their operations by utilizing modern and digital technologies as industry 4.0 (Ind 4.0). In the era of Ind 4.0, the technologies as Internet of Every Things (IoET), AI, BDA…etc. Recognizing the significance of InvM in a supply chain (SC), motivated us to volunteer technologies of Ind 4.0 as machine learning (ML) techniques to boosting Decision Making (DM) process to optimize InvM. Subsequently, this study is constructed for providing an intelligent Decision Support ML framework for automating the process of optimizing inventory management. Our constructed framework ensembles powerful ML prediction algorithms for inventory management, such as Artificial Neural Networks (ANNs), Random Forest (RF), and Support Vector Machine (SVM) for building robust sales regressors. The extensive experimentations on a case study of Walmart suggested that the proposed system has the potential to transform inventory management and improve supply chain performance, but further research is needed to address the challenges of data availability and quality.
Author Related Publications
Nesreen Abdelghafar Soliman Elsaber, "BPMN Formalization and Verification using Maude", ACM, New York, NY, USA, 2014
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Nesreen Abdelghafar Soliman Elsaber, "A Model for Rearchitecting Frameworks", International Journal of Software Engineering (IJSE), 2009
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Nesreen Abdelghafar Soliman Elsaber, "Approaches to Software Re-architecting", The 37th International Conference on Computers and Industrial Engineering proceedings, 2007
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Nesreen Abdelghafar Soliman Elsaber, "CMMI-CM Compliance Checking of Formal BPMN Models using Maude", University of Leicester, 2015
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Nesreen Abdelghafar Soliman Elsaber, "A Security-by-Design Decision-Making Model for Risk Management in Autonomous Vehicles", IEEE, 2021
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Department Related Publications
Khalid Aly Eldrandaly Mohamed Saeed Eldrandaly, "GIS software selection: a multi-criteria decision making approach", Monash University ePress., 2007
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Soaad Mohamed Nagieb, "A Knowledge-Based System for GIS Software Selection", Zarqa University., 2013
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Khalid Aly Eldrandaly Mohamed Saeed Eldrandaly, "A Knowledge-Based System for GIS Software Selection", Zarqa University., 2013
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Khalid Aly Eldrandaly Mohamed Saeed Eldrandaly, "Exploring multi-criteria decision strategies in GIS with linguistic quantifiers: an extension of the analytical network process using ordered weighted averaging operators", Taylor and Francis Ltd., 2013
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Mai Mohamed Abass Morsy Shomaan, "e-Business Web Portals Evaluation", Alex, Egypt, 2009
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