An inventory controlled supply chain model based on improved BP neural network

DOI10.1155/2013/537675MaRDI QIDQ2312237zbMATH OpenOpenAlexWikidataFDO

Authors Wei He

Publication date 5 July 2019

Published in Discrete Dynamics in Nature and Society (Search for Journal in Brave)

Copyright license Creative Commons Attribution 3.0 Unported

Full work available at URL https://doi.org/10.1155/2013/537675

Mathematics Subject Classification ID

Learning and adaptive systems in artificial intelligence (68T05) Inventory, storage, reservoirs (90B05)

Review text

Summary: Inventory control is a key factor for reducing supply chain cost and increasing customer satisfaction. However, prediction of inventory level is a challenging task for managers. As one of the widely used techniques for inventory control, standard BP neural network has such problems as low convergence rate and poor prediction accuracy. Aiming at these problems, a new fast convergent BP neural network model for predicting inventory level is developed in this paper. By adding an error offset, this paper deduces the new chain propagation rule and the new weight formula. This paper also applies the improved BP neural network model to predict the inventory level of an automotive parts company. The results show that the improved algorithm not only significantly exceeds the standard algorithm but also outperforms some other improved BP algorithms both on convergence rate and prediction accuracy.

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Cites work

• A hybrid model based on dynamic programming, neural networks, and surrogate value for inventory optimisation applications
• Learning representations by back-propagating errors
• Neural network controller with on-line inventory feedback data in RFID-enabled supply chain

Cited in

(7)

• A study on evaluation of modular suppliers and discussion of stability
• A dynamic evolutionary game model of modular production network
• An evolutionary game model of knowledge workers' counterproductive work behaviors based on preferences
• The analysis of commodity demand predication in supply chain network based on particle swarm optimization algorithm
• A hybrid model based on dynamic programming, neural networks, and surrogate value for inventory optimisation applications
• Neural network controller with on-line inventory feedback data in RFID-enabled supply chain
• Modelling with neural networks and time-series forecasting inventory control and cost reduction in supply chain process

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