AI-powered ensemble machine learning to optimize cost strategies in logistics business
This research investigates the potential advantages of using artificial intelligence (AI) to drive ensemble machine learning (ML) for enhancing cost strategies and maximizing profits. This study aims to explore the ability of AI-powered ensemble ML to optimize cost strategies by simulating business...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-04-01
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| Series: | International Journal of Information Management Data Insights |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2667096823000551 |
| _version_ | 1827576417174421504 |
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| author | Chairote Yaiprasert Achmad Nizar Hidayanto |
| author_facet | Chairote Yaiprasert Achmad Nizar Hidayanto |
| author_sort | Chairote Yaiprasert |
| collection | DOAJ |
| description | This research investigates the potential advantages of using artificial intelligence (AI) to drive ensemble machine learning (ML) for enhancing cost strategies and maximizing profits. This study aims to explore the ability of AI-powered ensemble ML to optimize cost strategies by simulating business threshold cost data to determine optimal mitigation strategies. The dataset comprises 6561 potential tuples, and three ensemble ML methods are employed as ML algorithms to identify patterns and relationships in the cost data for strategic decisions. The originality of this project lies in its demonstration of the capacity of simulated data to enhance cost-saving strategies for businesses. This research contributes to the existing literature on AI and ML applications in business by revealing the potential of ML applications for business owners and personnel involved in production and marketing. The findings of this research have significant implications for a wide range of industries, including transportation, logistics, and retail. |
| first_indexed | 2024-03-08T21:11:13Z |
| format | Article |
| id | doaj.art-3d189493af434cfca363e8cd8ba802f2 |
| institution | Directory Open Access Journal |
| issn | 2667-0968 |
| language | English |
| last_indexed | 2024-03-08T21:11:13Z |
| publishDate | 2024-04-01 |
| publisher | Elsevier |
| record_format | Article |
| series | International Journal of Information Management Data Insights |
| spelling | doaj.art-3d189493af434cfca363e8cd8ba802f22023-12-22T05:34:30ZengElsevierInternational Journal of Information Management Data Insights2667-09682024-04-0141100209AI-powered ensemble machine learning to optimize cost strategies in logistics businessChairote Yaiprasert0Achmad Nizar Hidayanto1School of Science, Walailak University, Thasala, Nakhon Si Thammarat, Thailand; Corresponding author.Faculty of Computer Science, Universitas Indonesia, Kampus UI Depok, Depok, Jawa Barat, IndonesiaThis research investigates the potential advantages of using artificial intelligence (AI) to drive ensemble machine learning (ML) for enhancing cost strategies and maximizing profits. This study aims to explore the ability of AI-powered ensemble ML to optimize cost strategies by simulating business threshold cost data to determine optimal mitigation strategies. The dataset comprises 6561 potential tuples, and three ensemble ML methods are employed as ML algorithms to identify patterns and relationships in the cost data for strategic decisions. The originality of this project lies in its demonstration of the capacity of simulated data to enhance cost-saving strategies for businesses. This research contributes to the existing literature on AI and ML applications in business by revealing the potential of ML applications for business owners and personnel involved in production and marketing. The findings of this research have significant implications for a wide range of industries, including transportation, logistics, and retail.http://www.sciencedirect.com/science/article/pii/S2667096823000551Artificial intelligence (AI)Machine learning (ML)CostLogistics businessStrategies |
| spellingShingle | Chairote Yaiprasert Achmad Nizar Hidayanto AI-powered ensemble machine learning to optimize cost strategies in logistics business International Journal of Information Management Data Insights Artificial intelligence (AI) Machine learning (ML) Cost Logistics business Strategies |
| title | AI-powered ensemble machine learning to optimize cost strategies in logistics business |
| title_full | AI-powered ensemble machine learning to optimize cost strategies in logistics business |
| title_fullStr | AI-powered ensemble machine learning to optimize cost strategies in logistics business |
| title_full_unstemmed | AI-powered ensemble machine learning to optimize cost strategies in logistics business |
| title_short | AI-powered ensemble machine learning to optimize cost strategies in logistics business |
| title_sort | ai powered ensemble machine learning to optimize cost strategies in logistics business |
| topic | Artificial intelligence (AI) Machine learning (ML) Cost Logistics business Strategies |
| url | http://www.sciencedirect.com/science/article/pii/S2667096823000551 |
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