Optimizing Supply Chain Resilience Using Advanced Analytics and Computational Intelligence Techniques

This paper presents a novel resilient supply chain management (SCM) structure leveraging advanced artificial intelligence (AI) techniques, specifically Long Short-Term Memory (LSTM) networks and Particle Swarm Optimization (PSO). The primary objective is to enhance supply chain efficiency and robustness by integrating these AI methods to address common challenges such as demand forecasting, resource allocation, and cost reduction. The proposed methodology combines LSTM for accurate demand forecasting with PSO for optimizing resource allocation and cost management. LSTM’s strength in capturing complex temporal patterns is utilized to predict demand with high precision, while PSO is employed to optimize various supply chain components, including inventory management, transportation, and production planning. The system’s effectiveness is evaluated through extensive experimentation and case studies, focusing on metrics such as forecasting accuracy, cost reduction, and resource utilization. Key findings indicate that the integrated LSTM-PSO system significantly outperforms traditional SCM methods. It achieves a 12% reduction in overall SCM costs, improves demand forecasting accuracy with reduced mean absolute error (MAE) and root mean squared error (RMSE), and enhances resource utilization efficiency by up to 20%. Additionally, the system demonstrates notable improvements in operational efficiency, with increased system uptime and reduced order error rates. The implications of this research are substantial; it provides a comprehensive framework that combines predictive and optimization capabilities, offering a robust solution to contemporary SCM challenges. By integrating LSTM and PSO, the research advances the field toward achieving resilient and efficient supply chain operations, with practical implications for enhancing overall performance and reducing costs in complex supply chain environments.

Authors

Institutions

Publication Details

Journal
IEEE Access
Published
2024-12-27
DOI
https://doi.org/10.1109/access.2024.3523470
Citations
13
Primary Topic
Supply Chain Resilience and Risk Management
Type
article
Field-Weighted Citation Impact
7.21
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Optimizing Supply Chain Resilience Using Advanced Analytics and Computational Intelligence Techniques

Xu Jie, Lixing Bo
13 citations
IEEE Access
Supply Chain Resilience and Risk Management
7.21
article

Optimizing Supply Chain Resilience Using Advanced Analytics and Computational Intelligence Techniques

Xu Jie, Lixing Bo
article en
13 citations

Abstract

This paper presents a novel resilient supply chain management (SCM) structure leveraging advanced artificial intelligence (AI) techniques, specifically Long Short-Term Memory (LSTM) networks and Particle Swarm Optimization (PSO). The primary objective is to enhance supply chain efficiency and robustness by integrating these AI methods to address common challenges such as demand forecasting, resource allocation, and cost reduction. The proposed methodology combines LSTM for accurate demand forecasting with PSO for optimizing resource allocation and cost management. LSTM’s strength in capturing complex temporal patterns is utilized to predict demand with high precision, while PSO is employed to optimize various supply chain components, including inventory management, transportation, and production planning. The system’s effectiveness is evaluated through extensive experimentation and case studies, focusing on metrics such as forecasting accuracy, cost reduction, and resource utilization. Key findings indicate that the integrated LSTM-PSO system significantly outperforms traditional SCM methods. It achieves a 12% reduction in overall SCM costs, improves demand forecasting accuracy with reduced mean absolute error (MAE) and root mean squared error (RMSE), and enhances resource utilization efficiency by up to 20%. Additionally, the system demonstrates notable improvements in operational efficiency, with increased system uptime and reduced order error rates. The implications of this research are substantial; it provides a comprehensive framework that combines predictive and optimization capabilities, offering a robust solution to contemporary SCM challenges. By integrating LSTM and PSO, the research advances the field toward achieving resilient and efficient supply chain operations, with practical implications for enhancing overall performance and reducing costs in complex supply chain environments.

IEEE AccessVol. 13
Universiti Sains Malaysia (MY), Chongqing Vocational Institute of Engineering (CN)
Openalex Percentile: Top 3%
Supply Chain Resilience and Risk Management
7.21
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Optimizing Supply Chain Resilience Using Advanced Analytics and Computational Intelligence Techniques — Xu Jie, Lixing Bo · IEEE Access (2024) | TGRS Research Map | TGRS