Related papers: Enhancing Supply Chain Resilience: A Machine Learn…
Electricity is bought and sold in wholesale markets at prices that fluctuate significantly. Short-term forecasting of electricity prices is an important endeavor because it helps electric utilities control risk and because it influences…
Needless to say, linear dynamics are pervasive in economic time series, particularly autoregressive ones. While gradient boosting with trees excels at capturing nonlinearities, it is inefficient in small samples when much of the predictive…
Extreme weather events during peak winter periods drive resource adequacy risk in Great Britain (GB), with weather sensitivity of the supply-demand balance increasing through additional electric heating and wind generation. This work…
Accurately predicting machine failures in advance can decrease maintenance cost and help allocate maintenance resources more efficiently. Logistic regression was applied to predict machine state 24 hours in the future given the current…
Rising electricity demand underscores the need for secure and reliable generation expansion planning that accounts for upstream supply chain constraints. Traditional models often overlook limitations in materials, manufacturing capacity,…
Supply and manufacturing networks in the chemical industry involve diverse processing steps across different locations, rendering their operation vulnerable to disruptions from unplanned events. Optimal responses should consider factors…
Supply chain networks describe interactions between products, manufacture facilities, storages in the context of supply and demand of the products. Supply chain data are inherently under graph structure; thus, it can be fertile ground for…
Gas demand forecasting is a critical task for energy providers as it impacts on pipe reservation and stock planning. In this paper, the one-day-ahead forecasting of residential gas demand at country level is investigated by implementing and…
Electric vehicle (EV) charging infrastructure introduces complex challenges to urban distribution networks, particularly under extreme demand events. A critical barrier to resilience assessment is the scale gap between micro-level charging…
This study investigates the performance of machine learning models in forecasting electricity Day-Ahead Market (DAM) prices using short historical training windows, with a focus on detecting seasonal trends and price spikes. We evaluate…
This paper presents a machine learning framework for electricity demand forecasting across diverse geographical regions using the gradient boosting algorithm XGBoost. The model integrates historical electricity demand and comprehensive…
The occurrence of large-scale power outages induced by natural disasters has been on the rise in a changing climate. Such power outages often last extended durations, causing substantial financial losses and socioeconomic impacts to…
With the heightened volatility in stock prices during the Covid-19 pandemic, the need for price forecasting has become more critical. We investigated the forecast performance of four models including Long-Short Term Memory, XGBoost,…
Accurate estimation of order fulfillment time is critical for e-commerce logistics, yet traditional rule-based approaches often fail to capture the inherent uncertainties in delivery operations. This paper introduces a novel framework for…
Accurate electrical load forecasting is crucial for optimizing power system operations, planning, and management. As power systems become increasingly complex, traditional forecasting methods may fail to capture the intricate patterns and…
The electric vehicle (EV) battery supply chain's vulnerability to disruptions necessitates advanced predictive analytics. We present SHIELD (Schema-based Hierarchical Induction for EV supply chain Disruption), a system integrating Large…
Nyman and Ormerod (2017) show that the machine learning technique of random forests has the potential to give early warning of recessions. Applying the approach to a small set of financial variables and replicating as far as possible a…
Historically, the economic recession often came abruptly and disastrously. For instance, during the 2008 financial crisis, the SP 500 fell 46 percent from October 2007 to March 2009. If we could detect the signals of the crisis earlier, we…
Distributed energy resources offer a control-based option to improve distribution system reliability by ensuring system states that positively impact component failure rates. This option is an attractive complement to otherwise costly and…
The nexus between transportation, the power grid, and consumer behavior is more pronounced than ever before as the race to decarbonize the transportation sector intensifies. Electrification in the transportation sector has led to technology…