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Optimisingpurchasing pattern: An optimisation of an order combination and demand forecasting with artificial intelligence
Jönköping University, School of Engineering, JTH, Department of Computing, Jönköping AI Lab (JAIL).
2022 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

The majority of manufacturers provide their customers with volume discounts for placing repeat purchases or placing larger orders. In today's highly competitive market, the topic of how precisely a big number of products should be grouped together naturally emerges.\\In this context, three research questions that were directly relevant to the setting were formulated and their answers were provided. In order to achieve this goal, a number of experiments were carried out. In this particular instance, an algorithm was developed that determines the order combination that is mathematically superior to all others. In this context, an annual order cost saving of 1.33\% could be achieved based on the orders from the year 2021. This could be accomplished without the utilisation of heuristics for a limited number of products at most. In addition, a number of other heuristics have been devised for higher order combination sets. In addition, two other approaches to demand forecasting were investigated, and it was discovered that the time series in this particular instance was insufficient for the application of an RNN-LSTM model.

Place, publisher, year, edition, pages
2022.
Keywords [en]
Order combination, mathematical optimisation, Demand forecasting, RNN, ARIMA
National Category
Computer Systems
Identifiers
URN: urn:nbn:se:hj:diva-57631ISRN: JU-JTH-PRU-2-20220314OAI: oai:DiVA.org:hj-57631DiVA, id: diva2:1675567
External cooperation
Herenco AB
Subject / course
JTH, Product Development
Supervisors
Examiners
Available from: 2022-08-17 Created: 2022-06-23 Last updated: 2025-10-13Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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