Regional Manufacturing Industry Demand Forecasting: A Deep Learning Approach

With the rapid development of the manufacturing industry, demand forecasting has been important. In view of this, considering the influence of environmental complexity and diversity, this study aims to find a more accurate method to forecast manufacturing industry demand. On this basis, this paper u...

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Main Authors: Zixin Dou, Yanming Sun, Yuan Zhang, Tao Wang, Chuliang Wu, Shiqi Fan
Format: Article
Language:English
Published: MDPI AG 2021-07-01
Series:Applied Sciences
Subjects:
Online Access:https://www.mdpi.com/2076-3417/11/13/6199
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author Zixin Dou
Yanming Sun
Yuan Zhang
Tao Wang
Chuliang Wu
Shiqi Fan
author_facet Zixin Dou
Yanming Sun
Yuan Zhang
Tao Wang
Chuliang Wu
Shiqi Fan
author_sort Zixin Dou
collection DOAJ
description With the rapid development of the manufacturing industry, demand forecasting has been important. In view of this, considering the influence of environmental complexity and diversity, this study aims to find a more accurate method to forecast manufacturing industry demand. On this basis, this paper utilizes a deep learning model for training and makes a comparative study through other models. The results show that: (1) the performance of deep learning is better than other methods; by comparing the results, the reliability of this study is verified. (2) Although the prediction based on the historical data of manufacturing demand alone is successful, the accuracy of the prediction results is significantly lower than when taking into account multiple factors. According to these results, we put forward the development strategy of the manufacturing industry in Guangdong. This will help promote the sustainable development of the manufacturing industry.
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spelling doaj.art-873afe55510d403791ec205c20c19e832023-11-22T02:35:06ZengMDPI AGApplied Sciences2076-34172021-07-011113619910.3390/app11136199Regional Manufacturing Industry Demand Forecasting: A Deep Learning ApproachZixin Dou0Yanming Sun1Yuan Zhang2Tao Wang3Chuliang Wu4Shiqi Fan5School of Management, Guangzhou University, Guangzhou 510000, ChinaSchool of Management, Guangzhou University, Guangzhou 510000, ChinaSchool of Management, Guangzhou University, Guangzhou 510000, ChinaDepartment of Building Surveying, Faculty of Built Environment, University of Malaya, Kuala Lumpur 50603, MalaysiaSchool of Mathematics and Information Science, Guangzhou University, Guangzhou 510000, ChinaDepartment of Engineering, The University of Hong Kong, Hong Kong 999077, ChinaWith the rapid development of the manufacturing industry, demand forecasting has been important. In view of this, considering the influence of environmental complexity and diversity, this study aims to find a more accurate method to forecast manufacturing industry demand. On this basis, this paper utilizes a deep learning model for training and makes a comparative study through other models. The results show that: (1) the performance of deep learning is better than other methods; by comparing the results, the reliability of this study is verified. (2) Although the prediction based on the historical data of manufacturing demand alone is successful, the accuracy of the prediction results is significantly lower than when taking into account multiple factors. According to these results, we put forward the development strategy of the manufacturing industry in Guangdong. This will help promote the sustainable development of the manufacturing industry.https://www.mdpi.com/2076-3417/11/13/6199manufacturing industrydemand forecastinginfluence factordeep learning
spellingShingle Zixin Dou
Yanming Sun
Yuan Zhang
Tao Wang
Chuliang Wu
Shiqi Fan
Regional Manufacturing Industry Demand Forecasting: A Deep Learning Approach
Applied Sciences
manufacturing industry
demand forecasting
influence factor
deep learning
title Regional Manufacturing Industry Demand Forecasting: A Deep Learning Approach
title_full Regional Manufacturing Industry Demand Forecasting: A Deep Learning Approach
title_fullStr Regional Manufacturing Industry Demand Forecasting: A Deep Learning Approach
title_full_unstemmed Regional Manufacturing Industry Demand Forecasting: A Deep Learning Approach
title_short Regional Manufacturing Industry Demand Forecasting: A Deep Learning Approach
title_sort regional manufacturing industry demand forecasting a deep learning approach
topic manufacturing industry
demand forecasting
influence factor
deep learning
url https://www.mdpi.com/2076-3417/11/13/6199
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AT yanmingsun regionalmanufacturingindustrydemandforecastingadeeplearningapproach
AT yuanzhang regionalmanufacturingindustrydemandforecastingadeeplearningapproach
AT taowang regionalmanufacturingindustrydemandforecastingadeeplearningapproach
AT chuliangwu regionalmanufacturingindustrydemandforecastingadeeplearningapproach
AT shiqifan regionalmanufacturingindustrydemandforecastingadeeplearningapproach