The recent applications of 4.0 technologies are gradually leading to the introduction and development of artificial intelligence in production systems. This study discusses the assessment of a Machine Learning model, based on Reinforcement Learning, that may allow the optimization of the inventory level at the machine level, thus improving the ordering system and inventory management. The model is applied to a real industrial case and the results, compared with those obtained by using the traditional optimization techniques, show an appreciable performance. It can be concluded that the model of Machine Learning developed can be successfully used for improving the order cycle of an enterprise.

Q-Learning for Inventory Management: an application case

Ferretti I.
Writing – Original Draft Preparation
;
Marchi B.
Writing – Original Draft Preparation
2024-01-01

Abstract

The recent applications of 4.0 technologies are gradually leading to the introduction and development of artificial intelligence in production systems. This study discusses the assessment of a Machine Learning model, based on Reinforcement Learning, that may allow the optimization of the inventory level at the machine level, thus improving the ordering system and inventory management. The model is applied to a real industrial case and the results, compared with those obtained by using the traditional optimization techniques, show an appreciable performance. It can be concluded that the model of Machine Learning developed can be successfully used for improving the order cycle of an enterprise.
2024
Procedia Computer Science
Ateneo di appartenenza
Inglese
5th International Conference on Industry 4.0 and Smart Manufacturing, ISM 2023
2023
University Institute of Lisbon, prt
232
2431
2439
9
Elsevier B.V.
Inventory Management; Order Sizing; Reinforcement Learning
no
Not applicable
none
Ferretti, I.; Marchi, B.
273
info:eu-repo/semantics/conferenceObject
2
4 Contributo in Atti di Convegno (Proceeding)::4.1 Contributo in Atti di convegno
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11379/605645
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