A Study on an Extensive Hierarchical Model for Demand Forecasting of Automobile Components

Demand forecasting and big data analytics in supply chain management are gaining interest.This is attributed to the wide range of big data analytics in supply chain management,in addition to demand forecasting,and behavioral analysis.In this article,we studied the application of big data analytics forecasting in supply chain demand forecasting in the automotive parts industry to propose classifications of these applications,identify gaps,and provide ideas for future research.Algorithms will then be classified and then applied in supply chain management such as neural networks,k-nearest neighbors,time series forecasting,clustering,regression analysis,support vector regression and support vector machines.An extensive hierarchical model for short-term auto parts demand assess-ment was employed to avoid the shortcomings of the earlier models and to close the gap that regarded mainly a single time series.The concept of extensive relevance assessment was proposed,and subsequently methods to reflect the relevance of automotive demand factors were discussed.Using a wide range of skills,the factors and co-factors are expressed in the form of a correlation characteristic matrix to ensure the degree of influence of each factor on the demand for automotive components.Then,it is compared with the existing data and predicted the short-term historical data.The result proved the predictive error is less than 6%,which supports the validity of the prediction method.This research offers the basis for the macroeconomic regulation of the government and the production of auto parts manufacturers.

Modeling Freight Truck Trips in Birmingham Using Tour-Based Approach

This research study explores the use of an innovative freight tour-based approach to model truck trips as an alternative to the conventional trip-based approach. The tour-based approach is more realistic as it captures the intermediate stops of each truck and reflects the implications of those stops on vehicle miles traveled (VMT). The paper describes the truck tour-based model concept, and presents the framework of a truck tour-based travel demand forecasting approach. As a case study, Global Positioning System (GPS) truck data are used to determine origin, destination, and truck stops for trucks moving within the Birmingham, Alabama region. Such information is then utilized to model truck movements within the study region as individual truck tours. The tour-based model is ran, and the resulting performance measures are contrasted to those obtained from the conventional trip-based planning model used by the Regional Planning Commission of Greater Birmingham (RPCGB). This case study demonstrates the feasibility of using a tour-based freight demand forecasting model as an alternative to the conventional 4-step process currently used to estimate truck trips in the Birmingham region. The results and lessons learned from the Birmingham case study are expected to improve truck movement modeling practices in the region and advance the accuracy of truck travel demand forecasting models at other locations in the future.