International Journal of Supply Chain Management
Vol 12, No 4 (2023): International Journal of Supply Chain Management (IJSCM)

Classification and Regression Tree Model to Predict the Probability of a Product being Backordered in Supply Chain

Gazi Md Daud Iqbal (College of Business, Coppin State University)
Matthew Rosenberger (Worcester Polytechnic Institute)
Lidan Ha (College of Business, Coppin State University)
Sadie Gregory (College of Business, Coppin State University)
Emmanuel Anoruo (College of Business, Coppin State University)



Article Info

Publish Date
30 Aug 2023

Abstract

Supply chain uncertainties pose a massive and ever-present challenge for modern companies. These uncertainties can manifest in two contrasting scenarios: supply surplus, where companies have excess items, and supply shortages, where there is an insufficient quantity of goods. Each situation demands a different approach from businesses to adapt to the varying outcomes and maintain a competitive edge in the market. Product backordering is one of the important things that companies need to deal with in an uncertain supply chain. A backorder occurs when a customer-ordered product or service is not in stock or cannot be supplied immediately, and the customer has to wait. Companies striving for a balance in managing backorders. Machine learning models can help to determine the probability of a product being backordered. In this research, we develop Classification and Regression Tree (CART) model that uses previously known parameters to predict the likelihood of a product being backordered. We also use different model parameters to evaluate the accuracy of the model.

Copyrights © 2023






Journal Info

Abbrev

IJSCM

Publisher

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...