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Analyzing the Feasibility of Machine Learning Models in Predicting Inventory Funding Needs: A Case Study at Polestar
Malmö University, Faculty of Technology and Society (TS), Department of Computer Science and Media Technology (DVMT).
2024 (English)Independent thesis Basic level (university diploma), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

In the dynamic realm of business, effective inventory management plays a pivotal role in the success of organizations. This study explores the feasibility of applying ma- chine learning (ML) models in predicting inventory funding needs through a case study at Polestar, a leading electrical vehicle (EV) brand. Adopting an inductive approach with an exploratory sequential design, the research commences with qualitative data acquisi- tion followed by quantitative analysis. Six individuals at Polestar, whose responsibilities are intertwined with forecasting inventory funding needs, participated in qualitative inter- views. Subsequently, insights from these interviews informed the quantitative phase, where data sourced from Polestar was employed in ARIMA (AutoRegressive Integrated Moving Average), RFR (Random Forest Regression), and XGBoost (Extreme Gradient Boosting) algorithms—identified through literature review as top performers in analogous contexts. Notably, XGBoost exhibited superior performance in terms of Mean Absolute Percentage Error (MAPE), while RFR boasted the highest accuracy rate in predicting actual funding requirements, a point elaborated upon in the following analysis. Anticipating future im- plementation of ML, the study outlines key considerations for focus and further research based on findings from both the qualitative and quantitative study.

Place, publisher, year, edition, pages
2024. , p. 51
Keywords [en]
Machine learning, AI, automotive, prediction
National Category
Other Engineering and Technologies
Identifiers
URN: urn:nbn:se:mau:diva-69807OAI: oai:DiVA.org:mau-69807DiVA, id: diva2:1882756
External cooperation
Polestar
Educational program
TS Datateknik och mobil IT
Supervisors
Examiners
Available from: 2024-07-10 Created: 2024-07-07 Last updated: 2025-02-10Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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