Improving Demand Forecasting by Implementing Machine Learning in Poultry Production Company
Improving Demand Forecasting by Implementing Machine Learning in Poultry Production Company |
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© 2023 by IJETT Journal | ||
Volume-71 Issue-2 |
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Year of Publication : 2023 | ||
Author : Joaquin Garcia-Arismendiz, Sandra Huertas-Zúñiga, Carlos Augusto Lizárraga-Portugal,
Juan Carlos Quiroz-Flores, Yvan Jesus Garcia-Lopez |
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DOI : 10.14445/22315381/IJETT-V71I2P205 |
How to Cite?
Joaquin Garcia-Arismendiz, Sandra Huertas-Zúñiga, Carlos Augusto Lizárraga-Portugal, Juan Carlos Quiroz-Flores, Yvan Jesus Garcia-Lopez, "Improving Demand Forecasting by Implementing Machine Learning in Poultry Production Company," International Journal of Engineering Trends and Technology, vol. 71, no. 2, pp. 39-45, 2023. Crossref, https://doi.org/10.14445/22315381/IJETT-V71I2P205
Abstract
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.
Keywords
Machine Learning, Demand Forecasting, Poultry Company.
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