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| data science inventory management: Inventory Analytics Roberto Rossi, 2021-05-24 Inventory Analytics provides a comprehensive and accessible introduction to the theory and practice of inventory control – a significant research area central to supply chain planning. The book outlines the foundations of inventory systems and surveys prescriptive analytics models for deterministic inventory control. It further discusses predictive analytics techniques for demand forecasting in inventory control and also examines prescriptive analytics models for stochastic inventory control. Inventory Analytics is the first book of its kind to adopt a practicable, Python-driven approach to illustrating theories and concepts via computational examples, with each model covered in the book accompanied by its Python code. Originating as a collection of self-contained lectures, Inventory Analytics will be an indispensable resource for practitioners, researchers, teachers, and students alike. |
| data science inventory management: Inventory Optimization Nicolas Vandeput, 2020-08-24 In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the do-it-yourself examples and Python programs included in each chapter. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Koen Cobbaert, Director in the S&O Industry practice of PwC Belgium; Bram Desmet, professor of operations & supply chain at the Vlerick Business School in Ghent; and Karl-Eric Devaux, Planning Consultant, Hatmill, discuss about models for inventory optimization. The event will be moderated by Eric Wilson, Director of Thought Leadership for Institute of Business Forecasting (IBF): https://youtu.be/565fDQMJEEg |
| data science inventory management: Data Science for Supply Chain Forecasting Nicolas Vandeput, 2021-03-22 Using data science in order to solve a problem requires a scientific mindset more than coding skills. Data Science for Supply Chain Forecasting, Second Edition contends that a true scientific method which includes experimentation, observation, and constant questioning must be applied to supply chains to achieve excellence in demand forecasting. This second edition adds more than 45 percent extra content with four new chapters including an introduction to neural networks and the forecast value added framework. Part I focuses on statistical traditional models, Part II, on machine learning, and the all-new Part III discusses demand forecasting process management. The various chapters focus on both forecast models and new concepts such as metrics, underfitting, overfitting, outliers, feature optimization, and external demand drivers. The book is replete with do-it-yourself sections with implementations provided in Python (and Excel for the statistical models) to show the readers how to apply these models themselves. This hands-on book, covering the entire range of forecasting—from the basics all the way to leading-edge models—will benefit supply chain practitioners, forecasters, and analysts looking to go the extra mile with demand forecasting. |
| data science inventory management: Big Data Analytics in Supply Chain Management Iman Rahimi, Amir H. Gandomi, Simon James Fong, M. Ali Ülkü, 2020-12-20 In a world of soaring digitization, social media, financial transactions, and production and logistics processes constantly produce massive data. Employing analytical tools to extract insights and foresights from data improves the quality, speed, and reliability of solutions to highly intertwined issues faced in supply chain operations. From procurement in Industry 4.0 to sustainable consumption behavior to curriculum development for data scientists, this book offers a wide array of techniques and theories of Big Data Analytics applied to Supply Chain Management. It offers a comprehensive overview and forms a new synthesis by bringing together seemingly divergent fields of research. Intended for Engineering and Business students, scholars, and professionals, this book is a collection of state-of-the-art research and best practices to spur discussion about and extend the cumulant knowledge of emerging supply chain problems. |
| data science inventory management: Optimization and Inventory Management Nita H. Shah, Mandeep Mittal, 2019-08-31 This book discusses inventory models for determining optimal ordering policies using various optimization techniques, genetic algorithms, and data mining concepts. It also provides sensitivity analyses for the models’ robustness. It presents a collection of mathematical models that deal with real industry scenarios. All mathematical model solutions are provided with the help of various optimization techniques to determine optimal ordering policy. The book offers a range of perspectives on the implementation of optimization techniques, inflation, trade credit financing, fuzzy systems, human error, learning in production, inspection, green supply chains, closed supply chains, reworks, game theory approaches, genetic algorithms, and data mining, as well as research on big data applications for inventory management and control. Starting from deterministic inventory models, the book moves towards advanced inventory models. The content is divided into eight major sections: inventory control and management – inventory models with trade credit financing for imperfect quality items; environmental impact on ordering policies; impact of learning on the supply chain models; EOQ models considering warehousing; optimal ordering policies with data mining and PSO techniques; supply chain models in fuzzy environments; optimal production models for multi-items and multi-retailers; and a marketing model to understand buying behaviour. Given its scope, the book offers a valuable resource for practitioners, instructors, students and researchers alike. It also offers essential insights to help retailers/managers improve business functions and make more accurate and realistic decisions. |
| data science inventory management: Retail Analytics Anna-Lena Sachs, 2014-12-10 This book addresses the challenging task of demand forecasting and inventory management in retailing. It analyzes how information from point-of-sale scanner systems can be used to improve inventory decisions, and develops a data-driven approach that integrates demand forecasting and inventory management for perishable products, while taking unobservable lost sales and substitution into account in out-of-stock situations. Using linear programming, a new inventory function that reflects the causal relationship between demand and external factors such as price and weather is proposed. The book subsequently demonstrates the benefits of this new approach in numerical studies that utilize real data collected at a large European retail chain. Furthermore, the book derives an optimal inventory policy for a multi-product setting in which the decision-maker faces an aggregated service level target, and analyzes whether the decision-maker is subject to behavioral biases based on real data for bakery products. |
| data science inventory management: Data Analytics and Artificial Intelligence for Inventory and Supply Chain Management Dinesh K. Sharma, Madhu Jain, 2022-11-08 This book considers new analytics and AI approaches in the areas of inventory control, logistics, and supply chain management. It provides valuable insights for the retailers and managers to improve business operations and make more realistic and better decisions. It also offers a number of smartly designed strategies related to inventory control and supply chain management for the optimal ordering and delivery policies. The book further uses detailed models and AI computing approaches for demand forecasting to planning optimization and digital execution tracking. One of its key features is use of real-life examples, case studies, practical models to ensure adoption of new solutions, data analytics, and AI-lead automation methodologies are included.The book can be utilized by retailers and managers to improve business operations and make more accurate and realistic decisions. The AI-based solution, agnostic assessment, and strategy will support the companies for better alignment and inventory control and capabilities to create a strategic road map for supply chain and logistics. The book is also useful for postgraduate students, researchers, and corporate executives. It addresses novel solutions for inventory to real-world supply chain and logistics that retailers, practitioners, educators, and scholars will find useful. It provides the theoretical and applicable subject matters for the senior undergraduate and graduate students, researchers, practitioners, and professionals in the area of artificial intelligent computing and its applications in inventory and supply chain management, inventory control, and logistics. |
| data science inventory management: Big Data Driven Supply Chain Management Nada R. Sanders, 2014-05-07 Master a complete, five-step roadmap for leveraging Big Data and analytics to gain unprecedented competitive advantage from your supply chain. Using Big Data, pioneers such as Amazon, UPS, and Wal-Mart are gaining unprecedented mastery over their supply chains. They are achieving greater visibility into inventory levels, order fulfillment rates, material and product delivery… using predictive data analytics to match supply with demand; leveraging new planning strengths to optimize their sales channel strategies; optimizing supply chain strategy and competitive priorities; even launching powerful new ventures. Despite these opportunities, many supply chain operations are gaining limited or no value from Big Data. In Big Data Driven Supply Chain Management, Nada Sanders presents a systematic five-step framework for using Big Data in supply chains. You'll learn best practices for segmenting and analyzing customers, defining competitive priorities for each segment, aligning functions behind strategy, dissolving organizational boundaries to sense demand and make better decisions, and choose the right metrics to support all of this. Using these techniques, you can overcome the widespread obstacles to making the most of Big Data in your supply chain — and earn big profits from the data you're already generating. For all executives, managers, and analysts interested in using Big Data technologies to improve supply chain performance. |
| data science inventory management: Data Science and Business Intelligence for Corporate Decision-Making Dr. P. S. Aithal, 2024-02-09 About the Book: A comprehensive book plan on Data Science and Business Intelligence for Corporate Decision-Making with 15 chapters, each with several sections: Chapter 1: Introduction to Data Science and Business Intelligence Chapter 2: Foundations of Data Science Chapter 3: Business Intelligence Tools and Technologies Chapter 4: Data Visualization for Decision-Making Chapter 5: Machine Learning for Business Intelligence Chapter 6: Big Data Analytics Chapter 7: Data Ethics and Governance Chapter 8: Data-Driven Decision-Making Process Chapter 9: Business Intelligence in Marketing Chapter 10: Financial Analytics and Business Intelligence Chapter 11: Operational Excellence through Data Analytics Chapter 12: Human Resources and People Analytics Chapter 13: Case Studies in Data-Driven Decision-Making Chapter 14: Future Trends in Data Science and Business Intelligence Chapter 15: Implementing Data Science Strategies in Corporations Each chapter dives deep into the concepts, methods, and applications of data science and business intelligence, providing practical insights, real-world examples, and case studies for corporate decision-making processes. |
| data science inventory management: Data Science Pallavi Vijay Chavan, Parikshit N Mahalle, Ramchandra Mangrulkar, Idongesit Williams, 2022-08-15 This book covers the topic of data science in a comprehensive manner and synthesizes both fundamental and advanced topics of a research area that has now reached its maturity. The book starts with the basic concepts of data science. It highlights the types of data and their use and importance, followed by a discussion on a wide range of applications of data science and widely used techniques in data science. Key Features • Provides an internationally respected collection of scientific research methods, technologies and applications in the area of data science. • Presents predictive outcomes by applying data science techniques to real-life applications. • Provides readers with the tools, techniques and cases required to excel with modern artificial intelligence methods. • Gives the reader a variety of intelligent applications that can be designed using data science and its allied fields. The book is aimed primarily at advanced undergraduates and graduates studying machine learning and data science. Researchers and professionals will also find this book useful. |
| data science inventory management: Demand Prediction in Retail Maxime C. Cohen, Paul-Emile Gras, Arthur Pentecoste, Renyu Zhang, 2022-01-01 From data collection to evaluation and visualization of prediction results, this book provides a comprehensive overview of the process of predicting demand for retailers. Each step is illustrated with the relevant code and implementation details to demystify how historical data can be leveraged to predict future demand. The tools and methods presented can be applied to most retail settings, both online and brick-and-mortar, such as fashion, electronics, groceries, and furniture. This book is intended to help students in business analytics and data scientists better master how to leverage data for predicting demand in retail applications. It can also be used as a guide for supply chain practitioners who are interested in predicting demand. It enables readers to understand how to leverage data to predict future demand, how to clean and pre-process the data to make it suitable for predictive analytics, what the common caveats are in terms of implementation and how to assess prediction accuracy. |
| data science inventory management: Inventory Control Sven Axsäter, 2015-07-06 This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners. It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies and Material Requirements Planning. It also includes recent advances in inventory theory, for example, new techniques for multi-echelon inventory systems and Roundy's 98 percent approximation. The book also considers methods for coordinated replenishments of different items, and various practical issues in connection with industrial implementation. Other topics covered in Inventory Control include: alternative forecasting techniques, material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral transshipments and on remanufacturing, coordination and contracts. As noted, the explanations have been improved throughout the book and the text also includes problems, with solutions in an appendix. |
| data science inventory management: Machine Intelligence and Data Science Applications Amar Ramdane-Cherif, T. P. Singh, Ravi Tomar, Tanupriya Choudhury, Jung-Sup Um, 2023-10-03 This book is a compilation of peer-reviewed papers presented at the International Conference on Machine Intelligence and Data Science Applications (MIDAS 2022), held on October 28 and 29, 2022, at the University of Versailles—Paris-Saclay, France. The book covers applications in various fields like data science, machine intelligence, image processing, natural language processing, computer vision, sentiment analysis, and speech and gesture analysis. It also includes interdisciplinary applications like legal, healthcare, smart society, cyber-physical system, and smart agriculture. The book is a good reference for computer science engineers, lecturers/researchers in the machine intelligence discipline, and engineering graduates. |
| data science inventory management: Data Analytics and Artificial Intelligence for Inventory and Supply Chain Management Dinesh K. Sharma, Madhu Jain, 2022 This book considers new analytics and AI approaches in the areas of inventory control, logistics, and supply chain management. It provides valuable insights for the retailers and managers to improve business operations and make more realistic and better decisions. It also offers a number of smartly designed strategies related to inventory control and supply chain management for the optimal ordering and delivery policies. The book further uses detailed models and AI computing approaches for demand forecasting to planning optimization and digital execution tracking. One of its key features is use of real-life examples, case studies, practical models to ensure adoption of new solutions, data analytics, and AI-lead automation methodologies are included. The book can be utilized by retailers and managers to improve business operations and make more accurate and realistic decisions. The AI-based solution, agnostic assessment, and strategy will support the companies for better alignment and inventory control and capabilities to create a strategic road map for supply chain and logistics. The book is also useful for postgraduate students, researchers, and corporate executives. It addresses novel solutions for inventory to real-world supply chain and logistics that retailers, practitioners, educators, and scholars will find useful. It provides the theoretical and applicable subject matters for the senior undergraduate and graduate students, researchers, practitioners, and professionals in the area of artificial intelligent computing and its applications in inventory and supply chain management, inventory control, and logistics. . |
| data science inventory management: Supply Chain Management in the Big Data Era Chan, Hing Kai, Subramanian, Nachiappan, Abdulrahman, Muhammad Dan-Asabe, 2016-11-04 Technological advancements in recent years have led to significant developments within a variety of business applications. In particular, data-driven research provides ample opportunity for enterprise growth, if utilized efficiently. Supply Chain Management in the Big Data Era is an authoritative reference source for the latest scholarly material on the implementation of big data analytics for improved operations and supply chain processes. Highlighting emerging strategies from different industry perspectives, this book is ideally designed for managers, professionals, practitioners, and students interested in the most recent research on supply chain innovations. |
| data science inventory management: Inventory Analytics Horst Tempelmeier, 2020-06-02 This textbook provides a practice-oriented introduction into Analytics-based inventory management in complex supply chains. In the context of Business Analytics, we concentrate on Prescriptive Analytics. In addition to standard single-level inventory models also multi-level approaches for the optimal allocation of safety inventory are presented. Moreover, dynamic lot sizing problems under random demand and random yield and their relationship to Material Requirements Planning (MRP) are discussed.The models and algorithms are illustrated with the help of numerous examples. The book has been written for students of Supply Chain Management and Operations Management as well as for practitioners who are confronted with inventory management in their daily work. |
| data science inventory management: Data Science and Data Analytics Dinesh Kumar Arivalagan, 2024-07-31 Data Science and Data Analytics explores the foundational concepts, methodologies, and tools that drive data-driven decision-making in various industries. This book provides a comprehensive overview of data collection, processing, analysis, and visualization techniques, emphasizing practical applications and real-world case studies. Readers will gain insights into statistical methods, machine learning algorithms, and the importance of data ethics, equipping them with the knowledge to harness the power of data for informed decision-making and strategic planning in an increasingly data-centric world. |
| data science inventory management: IoT and Data Science in Engineering Management Fausto Pedro García Márquez, Isaac Segovia Ramírez, Pedro José Bernalte Sánchez, Alba Muñoz del Río, 2023-03-24 This book presents the selected research works from the 16th International Conference on Industrial Engineering and Industrial Management in 2022. The conference was promoted by ADINGOR (Asociación para el Desarrollo de la Ingeniería de Organización), organized by Ingenium Research Group at Universidad de Castilla-La Mancha, Spain, and it took place on July 7th and 8th, 2022, in Toledo, Spain. The book highlights some of the latest research advances and cutting-edge analyses of real-world case studies on Industrial Engineering and Industrial Management from a wide range of international contexts. It also identifies business applications and the latest findings and innovations in Operations Management and in Decision Sciences. |
| data science inventory management: Inventory and Production Management in Supply Chains Edward A. Silver, David F. Pyke, Douglas J. Thomas, 2016-12-19 Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management. The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving, and rapid cycles. It explains how to decrease working capital and how to deal with coordinating chains across boundaries. |
| data science inventory management: Soft Computing in Inventory Management Nita H. Shah, Mandeep Mittal, 2021-08-21 This book presents a collection of mathematical models that deals with the real scenario in the industries. The primary objective of this book is to explore various effective methods for inventory control and management using soft computing techniques. Inventory control and management is a very tedious task faced by all the organizations in any sector of the economy. It makes decisions for policies, activities, and procedures in order to make sure that the right amount of each item is held in stock at any time. Many industries suffer from indiscipline while ordering and production mismatch. It is essential to provide best ordering policy to control such kind of mismatch in the industries. All the mathematical model solutions are provided with the help of various soft computing optimization techniques to determine optimal ordering policy. This book is beneficial for practitioners, educators, and researchers. It is also helpful for retailers/managers for improving business functions and making more accurate and realistic decisions. |
| data science inventory management: Data Science Parveen Kumari, 2024-03-02 Data science is the study of how to extract useful information from data for students, strategic planning, and other purposes by using cutting-edge analytics methods, and scientific principles. Data science combines a number of fields, such as information technology, preparing data, data mining, predictive analytics, machine learning, and data visualization, in addition to statistics, mathematics, and software development. |
| data science inventory management: Advanced Mathematical Applications in Data Science Biswadip Basu Mallik, Kirti Verma, Rahul Kar, Ashok Kumar Shaw, 2023-08-24 Advanced Mathematical Applications in Data Science comprehensively explores the crucial role mathematics plays in the field of data science. Each chapter is contributed by scientists, researchers, and academicians. The 13 chapters cover a range of mathematical concepts utilized in data science, enabling readers to understand the intricate connection between mathematics and data analysis. The book covers diverse topics, including, machine learning models, the Kalman filter, data modeling, artificial neural networks, clustering techniques, and more, showcasing the application of advanced mathematical tools for effective data processing and analysis. With a strong emphasis on real-world applications, the book offers a deeper understanding of the foundational principles behind data analysis and its numerous interdisciplinary applications. This reference is an invaluable resource for graduate students, researchers, academicians, and learners pursuing a research career in mathematical computing or completing advanced data science courses. Key Features: Comprehensive coverage of advanced mathematical concepts and techniques in data science Contributions from established scientists, researchers, and academicians Real-world case studies and practical applications of mathematical methods Focus on diverse areas, such as image classification, carbon emission assessment, customer churn prediction, and healthcare data analysis In-depth exploration of data science's connection with mathematics, computer science, and artificial intelligence Scholarly references for each chapter Suitable for readers with high school-level mathematical knowledge, making it accessible to a broad audience in academia and industry. |
| data science inventory management: Analytics and Data Science Amit V. Deokar, Ashish Gupta, Lakshmi S. Iyer, Mary C. Jones, 2017-10-05 This book explores emerging research and pedagogy in analytics and data science that have become core to many businesses as they work to derive value from data. The chapters examine the role of analytics and data science to create, spread, develop and utilize analytics applications for practice. Selected chapters provide a good balance between discussing research advances and pedagogical tools in key topic areas in analytics and data science in a systematic manner. This book also focuses on several business applications of these emerging technologies in decision making, i.e., business analytics. The chapters in Analytics and Data Science: Advances in Research and Pedagogy are written by leading academics and practitioners that participated at the Business Analytics Congress 2015. Applications of analytics and data science technologies in various domains are still evolving. For instance, the explosive growth in big data and social media analytics requires examination of the impact of these technologies and applications on business and society. As organizations in various sectors formulate their IT strategies and investments, it is imperative to understand how various analytics and data science approaches contribute to the improvements in organizational information processing and decision making. Recent advances in computational capacities coupled by improvements in areas such as data warehousing, big data, analytics, semantics, predictive and descriptive analytics, visualization, and real-time analytics have particularly strong implications on the growth of analytics and data science. |
| data science inventory management: Modern Artificial Intelligence and Data Science 2024 Abdellah Idrissi, |
| data science inventory management: The Real Work of Data Science Ron S. Kenett, Thomas C. Redman, 2019-03-26 The essential guide for data scientists and for leaders who must get more from their data science teams The Economist boldly claims that data are now the world's most valuable resource. But, as Kenett and Redman so richly describe, unlocking that value requires far more than technical excellence. The Real Work of Data Science explores understanding the problems, dealing with quality issues, building trust with decision makers, putting data science teams in the right organizational spots, and helping companies become data-driven. This is the work that spells the difference between a good data scientist and a great one, between a team that makes marginal contributions and one that drives the business, between a company that gains some value from its data and one in which data truly is the most valuable resource. These two authors are world-class experts on analytics, data management, and data quality; they've forgotten more about these topics than most of us will ever know. Their book is pragmatic, understandable, and focused on what really counts. If you want to do data science in any capacity, you need to read it. —Thomas H. Davenport, Distinguished Professor, Babson College and Fellow, MIT Initiative on the Digital Economy I like your book. The chapters address problems that have faced statisticians for generations, updated to reflect today's issues, such as computational Big Data. —Sir David Cox, Warden of Nuffield College and Professor of Statistics, Oxford University Data science is critical for competitiveness, for good government, for correct decisions. But what is data science? Kenett and Redman give, by far, the best introduction to the subject I have seen anywhere. They address the critical questions of formulating the right problem, collecting the right data, doing the right analyses, making the right decisions, and measuring the actual impact of the decisions. This book should become required reading in statistics and computer science departments, business schools, analytics institutes and, most importantly, by all business managers. —A. Blanton Godfrey, Joseph D. Moore Distinguished University Professor, Wilson College of Textiles, North Carolina State University |
| data science inventory management: Practical Applications of Data Processing, Algorithms, and Modeling Whig, Pawan, Sharma, Sachinn, Sharma, Seema, Jain, Anupriya, Yathiraju, Nikhitha, 2024-04-29 In today's data-driven era, the persistent gap between theoretical understanding and practical implementation in data science poses a formidable challenge. As we navigate through the complexities of harnessing data, deciphering algorithms, and unleashing the potential of modeling techniques, the need for a comprehensive guide becomes increasingly evident. This is the landscape explored in Practical Applications of Data Processing, Algorithms, and Modeling. This book is a solution to the pervasive problem faced by aspiring data scientists, seasoned professionals, and anyone fascinated by the power of data-driven insights. From the web of algorithms to the strategic role of modeling in decision-making, this book is an effective resource in a landscape where data, without proper guidance, risks becoming an untapped resource. The objective of Practical Applications of Data Processing, Algorithms, and Modeling is to address the pressing issue at the heart of data science – the divide between theory and practice. This book seeks to examine the complexities of data processing techniques, algorithms, and modeling methodologies, offering a practical understanding of these concepts. By focusing on real-world applications, the book provides readers with the tools and knowledge needed to bridge the gap effectively, allowing them to apply these techniques across diverse industries and domains. In the face of constant technological advancements, the book highlights the latest trends and innovative approaches, fostering a deeper comprehension of how these technologies can be leveraged to solve complex problems. As a practical guide, it empowers readers with hands-on examples, case studies, and problem-solving scenarios, aiming to instill confidence in navigating data challenges and making informed decisions using data-driven insights. |
| data science inventory management: Encyclopedia of Data Science and Machine Learning Wang, John, 2023-01-20 Big data and machine learning are driving the Fourth Industrial Revolution. With the age of big data upon us, we risk drowning in a flood of digital data. Big data has now become a critical part of both the business world and daily life, as the synthesis and synergy of machine learning and big data has enormous potential. Big data and machine learning are projected to not only maximize citizen wealth, but also promote societal health. As big data continues to evolve and the demand for professionals in the field increases, access to the most current information about the concepts, issues, trends, and technologies in this interdisciplinary area is needed. The Encyclopedia of Data Science and Machine Learning examines current, state-of-the-art research in the areas of data science, machine learning, data mining, and more. It provides an international forum for experts within these fields to advance the knowledge and practice in all facets of big data and machine learning, emphasizing emerging theories, principals, models, processes, and applications to inspire and circulate innovative findings into research, business, and communities. Covering topics such as benefit management, recommendation system analysis, and global software development, this expansive reference provides a dynamic resource for data scientists, data analysts, computer scientists, technical managers, corporate executives, students and educators of higher education, government officials, researchers, and academicians. |
| data science inventory management: Computational Intelligence in Data Science Mieczyslaw Lech Owoc, |
| data science inventory management: Research Handbook on Inventory Management Jing-Sheng J. Song, 2023-08-14 This comprehensive Handbook provides an overview of state-of-the-art research on quantitative models for inventory management. Despite over half a century’s progress, inventory management remains a challenge, as evidenced by the recent Covid-19 pandemic. With an expanse of world-renowned inventory scholars from major international research universities, this Handbook explores key areas including mathematical modelling, the interplay of inventory decisions and other business decisions and the unique challenges posed to multiple industries. |
| data science inventory management: 30-Second Data Science Liberty Vittert, 2020-09-29 30-Second Data Science covers 50 key elements in the field of data-gathering from basic to ethics, explained clearly and concisely. |
| data science inventory management: Foundations of Data Science for Engineering Problem Solving Parikshit Narendra Mahalle, Gitanjali Rahul Shinde, Priya Dudhale Pise, Jyoti Yogesh Deshmukh, 2021-08-21 This book is one-stop shop which offers essential information one must know and can implement in real-time business expansions to solve engineering problems in various disciplines. It will also help us to make future predictions and decisions using AI algorithms for engineering problems. Machine learning and optimizing techniques provide strong insights into novice users. In the era of big data, there is a need to deal with data science problems in multidisciplinary perspective. In the real world, data comes from various use cases, and there is a need of source specific data science models. Information is drawn from various platforms, channels, and sectors including web-based media, online business locales, medical services studies, and Internet. To understand the trends in the market, data science can take us through various scenarios. It takes help of artificial intelligence and machine learning techniques to design and optimize the algorithms. Big data modelling and visualization techniques of collected data play a vital role in the field of data science. This book targets the researchers from areas of artificial intelligence, machine learning, data science and big data analytics to look for new techniques in business analytics and applications of artificial intelligence in recent businesses. |
| data science inventory management: Data Science Mansoor Muallim, 101-01-01 Chapter 1: The Data Science Landscape Jammy: Hey Canny, I'm excited to kick off this journey into the vast world of data science with you. So, let's start by understanding what data science is all about. Canny: Absolutely, Jammy! I've heard a lot about data science but not sure where to begin. Can you shed some light on the subject? Jammy: Sure thing! Data science is all about extracting valuable insights and knowledge from data. It's like being a detective, but instead of solving crimes, we're uncovering patterns and trends hidden within the data. Canny: Interesting analogy! But how does data science differ from other data-related fields? Jammy: Great question, Canny! Data science is an interdisciplinary field that combines elements from computer science, statistics, and domain knowledge. It leverages various techniques to analyze, interpret, and visualize data to make informed decisions. Canny: Sounds powerful! Where does all this data come from? Jammy: Data comes from a wide range of sources, Canny. It can be collected from websites, sensors, social media, business transactions, and much more. We call this raw data, and our first task is to clean and prepare it for analysis. Canny: Ah, data cleaning! Is that to remove any errors or messiness? Jammy: You got it! Data can be messy, with missing values, duplicates, or inconsistencies. Data cleaning ensures that we have a reliable and accurate dataset to work with. Canny: What do we do with the data once it's clean? Jammy: That's when the real fun begins! We explore the data to understand its characteristics and relationships. Data visualization helps us see patterns, trends, and anomalies, making it easier to draw insights. Canny: I see! And how do we make predictions or decisions based on the data? Jammy: Ah, that's where machine learning comes into play. It's a subset of data science that enables us to build models that can predict outcomes or classify data into different groups. Canny: That sounds complex. Do I need to be a coding expert to get into data science? Jammy: Not necessarily, Canny. While coding skills are valuable, there are user-friendly tools that can assist you in performing data analysis and building models without diving too deep into coding. Canny: Phew, that's a relief! But can data science only be used in specific industries? Jammy: Not at all! Data science has applications in almost every industry you can think of. From healthcare and finance to marketing and sports, data science helps make better decisions across the board. Canny: This is fascinating! What's the key takeaway from all of this? Jammy: The key takeaway, Canny, is that data science is a powerful tool for unlocking insights and making informed decisions. It's an exciting and rapidly growing field that welcomes people from various backgrounds. Canny: I'm thrilled to dive deeper into data science and learn more! Thanks, Jammy, for this insightful overview. Jammy: You're welcome, Canny! I'm excited to explore more with you in this candid conversation about data science. Key Takeaways: Data science involves extracting insights and knowledge from data, akin to being a detective for patterns and trends. It is an interdisciplinary field combining computer science, statistics, and domain expertise. Data cleaning is essential to ensure reliable and accurate data for analysis. Data visualization helps us understand data better by revealing patterns and anomalies. Machine learning enables building models for predictions and classifications, even for non-coders. Data science has broad applications across various industries, impacting decision-making positively. |
| data science inventory management: Mastering Computer Knowledge Vijay Kumar Yadav , **Mastering Computer Knowledge** is your essential guide to understanding the complex world of computers and technology. This comprehensive book covers everything from the basics of what a computer is to the intricacies of programming, cloud computing, and artificial intelligence. You’ll start with an introduction to computer components, both hardware and software, and move on to explore operating systems like Windows, macOS, and Linux. The book delves into crucial topics such as computer networks, cybersecurity, and the fundamentals of coding, providing you with the knowledge needed to navigate the digital landscape confidently. You’ll learn about the software development life cycle, databases, and version control systems like Git, as well as the basics of application development. *Mastering Computer Knowledge* also offers insights into the latest trends in cloud computing, artificial intelligence, and big data, showing you how these technologies are transforming industries. Additionally, it explores emerging technologies like quantum computing, the Internet of Things (IoT), and virtual/augmented reality, preparing you for the future of technology. Whether you’re a beginner or looking to deepen your understanding, this book equips you with the skills and knowledge to excel in the ever-evolving world of technology. |
| data science inventory management: Data Science in Societal Applications Siddharth Swarup Rautaray, Manjusha Pandey, Nhu Gia Nguyen, 2022-09-15 The book provides an insight into the practical applications and theoretical foundation of data science. The book discusses new ways of embracing agile approaches to various facets of data science, including machine learning and artificial intelligence, data mining, data visualization, and communication. The book includes contributions from academia and industry experts detailing the shortfalls of current tools and techniques used and generating the blueprint of the new technologies. The topics covered in the book range from theoretical and foundational research, platforms, methods, applications, and tools in data science. The chapters in the book add a social, geographical, and temporal dimension to data science research. The papers included are application-oriented that prepare and use data in discovery research. This book will provide researchers and practitioners with a detailed snapshot of current progress in data science. Moreover, it will stimulate new study, research, and the development of new applications. |
| data science inventory management: Soft Computing in Materials Development and its Sustainability in the Manufacturing Sector Amar Patnaik, Vikas Kukshal, Pankaj Agarwal, Ankush Sharma, Mahavir Choudhary, 2022-08-19 This book focuses on the application of soft computing in materials and manufacturing sectors with the objective to offer an intelligent approach to improve the manufacturing process, material selection and characterization techniques for developing advanced new materials. It unveils different models and soft computing techniques applicable in the field of advanced materials and solves the problems to help the industry and scientists to develop sustainable materials for all purposes. The book focuses on the overall well-being of the environment for better sustenance and livelihood. Firstly, the authors discuss the implementation of soft computing in the various areas of engineering materials. They also review the latest intelligent technologies and algorithms related to the state-of-the-art methodologies of monitoring and effective implementation of sustainable engineering practices. Finally the authors examine the future generation of sustainable and intelligent monitoring techniques beneficial for manufacturing, and cover novel soft computing techniques for the purpose of effective manufacturing processes at par with the standards laid down by the International Standards of Organization (ISO). This book is intended for academics and researchers from all the fields of engineering interested in joining interdisciplinary initiatives on soft computing techniques for advanced materials and manufacturing. |
| data science inventory management: Federal Data Science Feras A. Batarseh, Ruixin Yang, 2017-09-21 Federal Data Science serves as a guide for federal software engineers, government analysts, economists, researchers, data scientists, and engineering managers in deploying data analytics methods to governmental processes. Driven by open government (2009) and big data (2012) initiatives, federal agencies have a serious need to implement intelligent data management methods, share their data, and deploy advanced analytics to their processes. Using federal data for reactive decision making is not sufficient anymore, intelligent data systems allow for proactive activities that lead to benefits such as: improved citizen services, higher accountability, reduced delivery inefficiencies, lower costs, enhanced national insights, and better policy making. No other government-dedicated work has been found in literature that addresses this broad topic. This book provides multiple use-cases, describes federal data science benefits, and fills the gap in this critical and timely area. Written and reviewed by academics, industry experts, and federal analysts, the problems and challenges of developing data systems for government agencies is presented by actual developers, designers, and users of those systems, providing a unique and valuable real-world perspective. - Offers a range of data science models, engineering tools, and federal use-cases - Provides foundational observations into government data resources and requirements - Introduces experiences and examples of data openness from the US and other countries - A step-by-step guide for the conversion of government towards data-driven policy making - Focuses on presenting data models that work within the constraints of the US government - Presents the why, the what, and the how of injecting AI into federal culture and software systems |
| data science inventory management: Practical Data Science with SAP Greg Foss, Paul Modderman, 2019-09-18 Learn how to fuse today's data science tools and techniques with your SAP enterprise resource planning (ERP) system. With this practical guide, SAP veterans Greg Foss and Paul Modderman demonstrate how to use several data analysis tools to solve interesting problems with your SAP data. Data engineers and scientists will explore ways to add SAP data to their analysis processes, while SAP business analysts will learn practical methods for answering questions about the business. By focusing on grounded explanations of both SAP processes and data science tools, this book gives data scientists and business analysts powerful methods for discovering deep data truths. You'll explore: Examples of how data analysis can help you solve several SAP challenges Natural language processing for unlocking the secrets in text Data science techniques for data clustering and segmentation Methods for detecting anomalies in your SAP data Data visualization techniques for making your data come to life |
| data science inventory management: Big Data Analytics Kiran Chaudhary, Mansaf Alam, 2021-12-27 Big Data Analytics: Applications in Business and Marketing explores the concepts and applications related to marketing and business as well as future research directions. It also examines how this emerging field could be extended to performance management and decision-making. Investment in business and marketing analytics can create value through proper allocation of resources and resource orchestration process. The use of data analytics tools can be used to diagnose and improve performance. The book is divided into five parts. The first part introduces data science, big data, and data analytics. The second part focuses on applications of business analytics including: Big data analytics and algorithm Market basket analysis Anticipating consumer purchase behavior Variation in shopping patterns Big data analytics for market intelligence The third part looks at business intelligence and features an evaluation study of churn prediction models for business Intelligence. The fourth part of the book examines analytics for marketing decision-making and the roles of big data analytics for market intelligence and of consumer behavior. The book concludes with digital marketing, marketing by consumer analytics, web analytics for digital marketing, and smart retailing. This book covers the concepts, applications and research trends of marketing and business analytics with the aim of helping organizations increase profitability by improving decision-making through data analytics. |
| data science inventory management: Fundamentals of Data Science Mr.Desidi Narsimha Reddy, Lova Naga Babu Ramisetti, Mr.Harikrishna Pathipati, 2024-09-05 Mr.Desidi Narsimha Reddy, Data Consultant (Data Governance, Data Analytics: Enterprise Performance Management, AI & ML), Soniks consulting LLC, 101 E Park Blvd Suite 600, Plano, TX 75074, United States. Lova Naga Babu Ramisetti, EPM Consultant, Department of Information Technology, MiniSoft Empowering Techonolgy, 10333 Harwin Dr. #375e, Houston, TX 77036, USA. Mr.Harikrishna Pathipati, EPM Manager, Department of Information Technology, ITG Technologies, 10998 S Wilcrest Dr, Houston, TX 77099, USA. |
| data science inventory management: Handbook of Research on Data Science and Cybersecurity Innovations in Industry 4.0 Technologies Murugan, Thangavel, E., Nirmala, 2023-09-21 Disruptive innovations are now propelling Industry 4.0 (I4.0) and presenting new opportunities for value generation in all major industry segments. I4.0 technologies' innovations in cybersecurity and data science provide smart apps and services with accurate real-time monitoring and control. Through enhanced access to real-time information, it also aims to increase overall effectiveness, lower costs, and increase the efficiency of people, processes, and technology. The Handbook of Research on Data Science and Cybersecurity Innovations in Industry 4.0 Technologies discusses the technological foundations of cybersecurity and data science within the scope of the I4.0 landscape and details the existing cybersecurity and data science innovations with I4.0 applications, as well as state-of-the-art solutions with regard to both academic research and practical implementations. Covering key topics such as data science, blockchain, and artificial intelligence, this premier reference source is ideal for industry professionals, computer scientists, scholars, researchers, academicians, practitioners, instructors, and students. |
Data and Digital Outputs Management Plan (DDOMP)
Data and Digital Outputs Management Plan (DDOMP)
Building New Tools for Data Sharing and Reuse through a …
Jan 10, 2019 · The SEI CRA will closely link research thinking and technological innovation toward accelerating the full path of discovery-driven data use and open science. This will enable a …
Open Data Policy and Principles - Belmont Forum
The data policy includes the following principles: Data should be: Discoverable through catalogues and search engines; Accessible as open data by default, and made available with …
Belmont Forum Adopts Open Data Principles for Environmental …
Jan 27, 2016 · Adoption of the open data policy and principles is one of five recommendations in A Place to Stand: e-Infrastructures and Data Management for Global Change Research, …
Belmont Forum Data Accessibility Statement and Policy
The DAS encourages researchers to plan for the longevity, reusability, and stability of the data attached to their research publications and results. Access to data promotes reproducibility, …
Climate-Induced Migration in Africa and Beyond: Big Data and …
CLIMB will also leverage earth observation and social media data, and combine them with survey and official statistical data. This holistic approach will allow us to analyze migration process …
Advancing Resilience in Low Income Housing Using Climate …
Jun 4, 2020 · Environmental sustainability and public health considerations will be included. Machine Learning and Big Data Analytics will be used to identify optimal disaster resilient …
Belmont Forum
What is the Belmont Forum? The Belmont Forum is an international partnership that mobilizes funding of environmental change research and accelerates its delivery to remove critical …
Waterproofing Data: Engaging Stakeholders in Sustainable Flood …
Apr 26, 2018 · Waterproofing Data investigates the governance of water-related risks, with a focus on social and cultural aspects of data practices. Typically, data flows up from local levels to …
Data Management Annex (Version 1.4) - Belmont Forum
A full Data Management Plan (DMP) for an awarded Belmont Forum CRA project is a living, actively updated document that describes the data management life cycle for the data to be …
Data and Digital Outputs Management Plan (DDOMP)
Data and Digital Outputs Management Plan (DDOMP)
Building New Tools for Data Sharing and Reuse through a …
Jan 10, 2019 · The SEI CRA will closely link research thinking and technological innovation toward accelerating the full path of discovery-driven data use and open science. This will enable a …
Open Data Policy and Principles - Belmont Forum
The data policy includes the following principles: Data should be: Discoverable through catalogues and search engines; Accessible as open data by default, and made available with …
Belmont Forum Adopts Open Data Principles for Environmental …
Jan 27, 2016 · Adoption of the open data policy and principles is one of five recommendations in A Place to Stand: e-Infrastructures and Data Management for Global Change Research, …
Belmont Forum Data Accessibility Statement and Policy
The DAS encourages researchers to plan for the longevity, reusability, and stability of the data attached to their research publications and results. Access to data promotes reproducibility, …
Climate-Induced Migration in Africa and Beyond: Big Data and …
CLIMB will also leverage earth observation and social media data, and combine them with survey and official statistical data. This holistic approach will allow us to analyze migration process …
Advancing Resilience in Low Income Housing Using Climate …
Jun 4, 2020 · Environmental sustainability and public health considerations will be included. Machine Learning and Big Data Analytics will be used to identify optimal disaster resilient …
Belmont Forum
What is the Belmont Forum? The Belmont Forum is an international partnership that mobilizes funding of environmental change research and accelerates its delivery to remove critical …
Waterproofing Data: Engaging Stakeholders in Sustainable Flood …
Apr 26, 2018 · Waterproofing Data investigates the governance of water-related risks, with a focus on social and cultural aspects of data practices. Typically, data flows up from local levels to …
Data Management Annex (Version 1.4) - Belmont Forum
A full Data Management Plan (DMP) for an awarded Belmont Forum CRA project is a living, actively updated document that describes the data management life cycle for the data to be …
