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DOI: 10.33226/1231-2037.2023.1.7
JEL: R41, C45, C53, D81

The use of machine learning methods to predict the risk of damage to goods

The transport demand is increasing year by year. This is because of the increase in production and consumption. The longer the supply chain is, the more likely it is to be disrupted, as all operations involve risks. However, risk in the context of the supply chain and its management has recently been discussed. Unfortunately, no industry is immune to predictable and unpredictable disruptions that affect losses (e.g. loss of goods). From the point of view of carriers, it would be important to be able to predict the occurrence of, for example, damage to the goods. The article focuses on the use of machine learning methods to predict the risk of damage to goods (such as electronics, household appliances or telephones/computers) in road transport. The research used five intelligent methods such as: logistic regression; support vector machine (SVM); decision tree; naive Bayesian classifier; AdaBoost. The aim of the paper is to present the concept and the above-mentioned methods of machine learning, measures assessing the performance of models and the results related to the conducted research. The set goal determined the choice of the research methods – literature analysis and programming were used. The last part of the article presents the results obtained from the analysis of five models. The research established that AdaBoost has the best predictive ability.

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Keywords: machine learning; risk management

References

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