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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Reducing Restaurant Inventory Costs Through Sales Forecasting, Tyler Mason, Chris Schoen, Trevor Gilbert, Jonathan Enriquez
Reducing Restaurant Inventory Costs Through Sales Forecasting, Tyler Mason, Chris Schoen, Trevor Gilbert, Jonathan Enriquez
Senior Design Project For Engineers
Family Restaurant is a local restaurant in the greater Atlanta area that serves a variety of dishes that include an assortment of 19 different proteins. Currently, Family Restaurant places protein orders based on business intuition, and tends to over-stock and sometimes under-stock. To minimize inventory costs by reducing over-stocking and preventing under-stocking of proteins, we applied Facebook Prophet (FB Prophet), ARIMA, and XG Boost machine learning models to predict protein demand and then fed these results into a Fixed Time Period inventory model to make an overall order suggestion based on the specified time period. We trained our models on …
Analyzing The Fractal Dimension Of Various Musical Pieces, Nathan Clark
Analyzing The Fractal Dimension Of Various Musical Pieces, Nathan Clark
Industrial Engineering Undergraduate Honors Theses
One of the most common tools for evaluating data is regression. This technique, widely used by industrial engineers, explores linear relationships between predictors and the response. Each observation of the response is a fixed linear combination of the predictors with an added error element. The method is built on the assumption that this error is normally distributed across all observations and has a mean of zero. In some cases, it has been found that the inherent variation is not the result of a random variable, but is instead the result of self-symmetric properties of the observations. For data with these …