AI-powered ensemble machine learning to optimize cost strategies in logistics business

Chairote Yaiprasert, Achmad Nizar Hidayanto

Research output: Contribution to journalArticlepeer-review

8 Citations (Scopus)

Abstract

This research investigates the potential advantages of using artificial intelligence (AI) to drive ensemble machine learning (ML) for enhancing cost strategies and maximizing profits. This study aims to explore the ability of AI-powered ensemble ML to optimize cost strategies by simulating business threshold cost data to determine optimal mitigation strategies. The dataset comprises 6561 potential tuples, and three ensemble ML methods are employed as ML algorithms to identify patterns and relationships in the cost data for strategic decisions. The originality of this project lies in its demonstration of the capacity of simulated data to enhance cost-saving strategies for businesses. This research contributes to the existing literature on AI and ML applications in business by revealing the potential of ML applications for business owners and personnel involved in production and marketing. The findings of this research have significant implications for a wide range of industries, including transportation, logistics, and retail.

Original languageEnglish
Article number100209
JournalInternational Journal of Information Management Data Insights
Volume4
Issue number1
DOIs
Publication statusPublished - Apr 2024

Keywords

  • Artificial intelligence (AI)
  • Cost
  • Logistics business
  • Machine learning (ML)
  • Strategies

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