Deep Learning Combinatorial Models for Intelligent Supply Chain Demand Forecasting

Low-carbon and environmentally friendly living boosted the market demand for new energy vehicles and promoted the development of the new energy vehicle industry. Accurate demand forecasting can provide an important decision-making basis for new energy vehicle enterprises, which is beneficial to the...

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Main Authors: Xiaoya Ma, Mengxiu Li, Jin Tong, Xiaying Feng
Format: Article
Language:English
Published: MDPI AG 2023-07-01
Series:Biomimetics
Subjects:
Online Access:https://www.mdpi.com/2313-7673/8/3/312
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author Xiaoya Ma
Mengxiu Li
Jin Tong
Xiaying Feng
author_facet Xiaoya Ma
Mengxiu Li
Jin Tong
Xiaying Feng
author_sort Xiaoya Ma
collection DOAJ
description Low-carbon and environmentally friendly living boosted the market demand for new energy vehicles and promoted the development of the new energy vehicle industry. Accurate demand forecasting can provide an important decision-making basis for new energy vehicle enterprises, which is beneficial to the development of new energy vehicles. From the perspective of an intelligent supply chain, this study explored the demand forecasting of new energy vehicles, and proposed an innovative SARIMA-LSTM-BP combination model for prediction modeling. The data showed that the RMSE, MSE, and MAE values of the SARIMA-LSTM-BP combination model were 2.757, 7.603, and, 1.912, respectively, all of which are lower values than those of the single models. This study therefore, indicated that, compared with traditional econometric forecasting models and deep learning forecasting models, such as the random forest, support vector regression (SVR), long short-term memory (LSTM), and back propagation neural network (BP) models, the SARIMA-LSTM-BP combination model performed outstandingly with higher accuracy and better forecasting performance.
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spelling doaj.art-fc7ea96902ec4ac5bc814088ef091d7a2023-11-18T18:29:58ZengMDPI AGBiomimetics2313-76732023-07-018331210.3390/biomimetics8030312Deep Learning Combinatorial Models for Intelligent Supply Chain Demand ForecastingXiaoya Ma0Mengxiu Li1Jin Tong2Xiaying Feng3Department of Logistics Management and Engineering, Nanning Normal University, Nanninng 530023, ChinaDepartment of Logistics Management and Engineering, Nanning Normal University, Nanninng 530023, ChinaDepartment of Economics and Management, Nanning Normal University, Nanninng 530001, ChinaDepartment of Economics and Management, Nanning Normal University, Nanninng 530001, ChinaLow-carbon and environmentally friendly living boosted the market demand for new energy vehicles and promoted the development of the new energy vehicle industry. Accurate demand forecasting can provide an important decision-making basis for new energy vehicle enterprises, which is beneficial to the development of new energy vehicles. From the perspective of an intelligent supply chain, this study explored the demand forecasting of new energy vehicles, and proposed an innovative SARIMA-LSTM-BP combination model for prediction modeling. The data showed that the RMSE, MSE, and MAE values of the SARIMA-LSTM-BP combination model were 2.757, 7.603, and, 1.912, respectively, all of which are lower values than those of the single models. This study therefore, indicated that, compared with traditional econometric forecasting models and deep learning forecasting models, such as the random forest, support vector regression (SVR), long short-term memory (LSTM), and back propagation neural network (BP) models, the SARIMA-LSTM-BP combination model performed outstandingly with higher accuracy and better forecasting performance.https://www.mdpi.com/2313-7673/8/3/312demand forecastingprediction modelingdeep learningintelligent supply chainnew energy vehiclesSARIMA-LSTM-BP model
spellingShingle Xiaoya Ma
Mengxiu Li
Jin Tong
Xiaying Feng
Deep Learning Combinatorial Models for Intelligent Supply Chain Demand Forecasting
Biomimetics
demand forecasting
prediction modeling
deep learning
intelligent supply chain
new energy vehicles
SARIMA-LSTM-BP model
title Deep Learning Combinatorial Models for Intelligent Supply Chain Demand Forecasting
title_full Deep Learning Combinatorial Models for Intelligent Supply Chain Demand Forecasting
title_fullStr Deep Learning Combinatorial Models for Intelligent Supply Chain Demand Forecasting
title_full_unstemmed Deep Learning Combinatorial Models for Intelligent Supply Chain Demand Forecasting
title_short Deep Learning Combinatorial Models for Intelligent Supply Chain Demand Forecasting
title_sort deep learning combinatorial models for intelligent supply chain demand forecasting
topic demand forecasting
prediction modeling
deep learning
intelligent supply chain
new energy vehicles
SARIMA-LSTM-BP model
url https://www.mdpi.com/2313-7673/8/3/312
work_keys_str_mv AT xiaoyama deeplearningcombinatorialmodelsforintelligentsupplychaindemandforecasting
AT mengxiuli deeplearningcombinatorialmodelsforintelligentsupplychaindemandforecasting
AT jintong deeplearningcombinatorialmodelsforintelligentsupplychaindemandforecasting
AT xiayingfeng deeplearningcombinatorialmodelsforintelligentsupplychaindemandforecasting