Comparative Performance of Tree Based Machine Learning Classifiers in Product Backorder Prediction
2023 (English)In: Intelligent Computing & Optimization: Proceedings of the 5th International Conference on Intelligent Computing and Optimization 2022 (ICO2022) / [ed] Pandian Vasant; Gerhard-Wilhelm Weber; José Antonio Marmolejo-Saucedo; Elias Munapo; J. Joshua Thomas, Springer, 2023, 1, p. 572-584Chapter in book (Refereed)
Abstract [en]
Early prediction of whether a product will go to backorder or not is necessary for optimal management of inventory that can reduce the losses in sales, establish a good relationship between the supplier and customer and maximize the revenues. In this study, we have investigated the performance and effectiveness of tree based machine learning algorithms to predict the backorder of a product. The research methodology consists of preprocessing of data, feature selection using statistical hypothesis test, imbalanced learning using the random undersampling method and performance evaluating and comparing of four tree based machine learning algorithms including decision tree, random forest, adaptive boosting and gradient boosting in terms of accuracy, precision, recall, f1-score, area under the receiver operating characteristic curve and area under the precision and recall curve. Three main findings of this study are (1) random forest model without feature selection and with random undersampling method achieved the highest performance in terms of all performance measure metrics, (2) feature selection cannot contribute to the performance enhancement of the tree based classifiers, and (3) random undersampling method significantly improves performance of tree based classifiers in product backorder prediction.
Place, publisher, year, edition, pages
Springer, 2023, 1. p. 572-584
Series
Lecture Notes in Networks and Systems (LNNS), ISSN 2367-3370, E-ISSN 2367-3389 ; 569
Keywords [en]
Machine learning, Product back order prediction, Imbalanced learning, Inventory management, Tree based classifiers
National Category
Computer Sciences
Research subject
Pervasive Mobile Computing
Identifiers
URN: urn:nbn:se:ltu:diva-94210DOI: 10.1007/978-3-031-19958-5_54Scopus ID: 2-s2.0-85144539569OAI: oai:DiVA.org:ltu-94210DiVA, id: diva2:1712540
Note
ISBN för värdpublikation: 978-3-031-19958-5; 978-3-031-19957-8
2022-11-222022-11-222024-03-07Bibliographically approved