TY - JOUR
T1 - Improving Demand Forecasting by Implementing Machine Learning in Poultry Production Company
AU - Garcia-Arismendiz, Joaquin
AU - Huertas-Zúñiga, Sandra
AU - Lizárraga-Portugal, Carlos Augusto
AU - Quiroz-Flores, Juan Carlos
AU - Garcia-Lopez, Yvan Jesus
N1 - Funding Information:
The authors declare that they have financed their article's research and publication with their personal financial resources.
Publisher Copyright:
© 2023 Seventh Sense Research Group®.
PY - 2023/2
Y1 - 2023/2
N2 - The use of manual methods to forecast demand in perishable food companies is generally subject to the variability of internal and external factors in the company, causing excess inventories and significant monetary losses, so it is relevant to carry out this research with the objective of to demonstrate that by implementing Machine Learning it is possible to improve the accuracy of the demand forecast. A case study in a company in the poultry sector in Peru, forecasting the last quarter of 2022, based on a real sales database and applying the time series method, comparing the results of the Machine Learning model, and obtaining as a result in a model with high Forecast Accuracy (FA) of 97.56% and a high Forecast Bias (FB) of 2.44%. The research is an important contribution to knowledge, demonstrating that Machine Learning is an ideal tool to project the demand for perishable food products, ideal for its application in various fields, such as loss reduction control, preventive maintenance of machines and control of supplies such as water and energy, among others.
AB - The use of manual methods to forecast demand in perishable food companies is generally subject to the variability of internal and external factors in the company, causing excess inventories and significant monetary losses, so it is relevant to carry out this research with the objective of to demonstrate that by implementing Machine Learning it is possible to improve the accuracy of the demand forecast. A case study in a company in the poultry sector in Peru, forecasting the last quarter of 2022, based on a real sales database and applying the time series method, comparing the results of the Machine Learning model, and obtaining as a result in a model with high Forecast Accuracy (FA) of 97.56% and a high Forecast Bias (FB) of 2.44%. The research is an important contribution to knowledge, demonstrating that Machine Learning is an ideal tool to project the demand for perishable food products, ideal for its application in various fields, such as loss reduction control, preventive maintenance of machines and control of supplies such as water and energy, among others.
KW - Demand forecasting
KW - Machine learning
KW - Poultry company
UR - http://www.scopus.com/inward/record.url?scp=85149152578&partnerID=8YFLogxK
U2 - 10.14445/22315381/IJETT-V71I2P205
DO - 10.14445/22315381/IJETT-V71I2P205
M3 - Artículo (Contribución a Revista)
AN - SCOPUS:85149152578
SN - 2349-0918
VL - 71
SP - 39
EP - 45
JO - International Journal of Engineering Trends and Technology
JF - International Journal of Engineering Trends and Technology
IS - 2
ER -