학술논문

A Deep Learning Approach to Predict Supply Chain Delivery Delay Risk Based on Macroeconomic Indicators: A Case Study in the Automotive Sector
Document Type
article
Source
Applied Sciences, Vol 14, Iss 11, p 4688 (2024)
Subject
supply chain risk management
supply chain resilience
delivery delay
machine learning
deep learning
Technology
Engineering (General). Civil engineering (General)
TA1-2040
Biology (General)
QH301-705.5
Physics
QC1-999
Chemistry
QD1-999
Language
English
ISSN
2076-3417
Abstract
The development of predictive approaches to estimate supplier delivery risks has become vital for companies that rely heavily on outsourcing practices and lean management strategies in the era of the shortage economy. However, the literature that presents studies proposing the development of such approaches is still in its infancy, and several gaps have been found. In particular, most of the current studies present approaches that can only estimate whether suppliers will be late or not. Moreover, even if autocorrelation in data has been widely considered in demand forecasting, it has been neglected in supplier delivery risk predictions. Finally, current approaches struggle to consider macroeconomic data as input and rely mostly on machine learning models, while deep learning ones have rarely been investigated. The main contribution of this study is thus to propose a new approach that for the first time simultaneously adopts a deep learning model able to capture autocorrelation in data and integrates several macroeconomic indicators as input. Furthermore, as a second contribution, the performance of the proposed approach has been investigated in a real automotive case study and compared with those studies resulting from approaches that adopt traditional statistical models and models that do not consider macroeconomic indicators as additional inputs. The results highlight the capabilities of the proposed approach to provide good forecasts and outperform benchmarks for most of the considered predictions. Furthermore, the results provide evidence of the importance of considering macroeconomic indicators as additional input.