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Goal Planning of Enterprise Raw Material Ordering and Transshipment Based on Genetic Algorithm and Machine Learning

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Published:18 October 2022Publication History

ABSTRACT

As is well acknowledged to all, enterprise needs to make the correct choice of the ordering and transhipment scheme of the future raw materials to achieve the maximum income. However, it is always challenging to take into account the revenue and the cost of purchasing at the same time. These problems can be considered as single-objective planning, multi-objective planning and maximum-minimum-objective planning. A plan for the enterprise under the condition to minimize the transhipment loss rate of the forwarders is made. The genetic algorithm and machine learning are addressed to predict the optimal procurement and transhipment plan for the company in the next 24 weeks. In this paper, the genetic algorithm is selected to solve the goal programming problem. Machine learning models like XGBoost are selected to predict the future profit. Finally, sensitivity analysis is adopted to test the robustness of the model.

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            cover image ACM Other conferences
            ICCBDC '22: Proceedings of the 2022 6th International Conference on Cloud and Big Data Computing
            August 2022
            88 pages
            ISBN:9781450396578
            DOI:10.1145/3555962

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            Publication History

            • Published: 18 October 2022

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