Business Commons^™

Making Vending Machines Smarter With The Use Of Machine Learning And Artificial Intelligence: Set-Up And Architecture, Dashmir Istrefi, Eftim Zdravevski

UBT International Conference

Machine Learning and Robust Optimization techniques can significantly improve logistics operations and improve stock quantity and maintenance intervals. Machine Learning will be used to forecast item demands for each of the vending machines, taking into account past demands and calendar effects. By performing such predictions which are forwarded to a Robust Optimization model, and whose outputs will be the cash transport that each vending machine should require. These transports guarantee that demand is fulfilled up to the desired confidence level, preventing downtime of vending machines due to unplanned maintenance and out-of-stock situations, while also satisfying additional constraints arising in this …