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Using Machine Learning for Enhancing the Understanding of Bullwhip Effect in the Oil and Gas Industry

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CERENA, Instituto Superior Técnico, Universidade de Lisboa, 1049-001 Lisboa, Portugal
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Tal Projecto Lda., 1350-252 Lisboa, Portugal
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CEG-IST, Instituto Superior Técnico, Universidade de Lisboa, 1049-001 Lisboa, Portugal
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Author to whom correspondence should be addressed.
Mach. Learn. Knowl. Extr. 2019, 1(3), 994-1012; https://doi.org/10.3390/make1030057
Received: 30 June 2019 / Revised: 31 July 2019 / Accepted: 4 September 2019 / Published: 6 September 2019
(This article belongs to the Section Data)
Several suppliers of oil and gas (O & G) equipment and services have reported the necessity of making frequent resources planning adjustments due to the variability of demand, which originates in unbalanced production levels. The occurrence of these specific problems for the suppliers and operators is often related to the bullwhip effect. For studying such a problem, a research proposal is herein presented. Studying the bullwhip effect in the O & G industry requires collecting data from different levels of the supply chain, namely: services, upstream and midstream suppliers, and downstream clients. The first phase of the proposed research consists of gathering the available production and financial data. A second phase will be the statistical treatment of the data in order to evaluate the importance of the bullwhip effect in the oil and gas industry. The third phase of the program involves applying artificial neural networks (ANN) to forecast the demand. At this stage, ANN based on different training methods will be used. Further on, the attained mathematical model will be used to simulate the effects of demand fluctuations and assess the bullwhip effect in an oil and gas supply chain. View Full-Text
Keywords: artificial neural networks; bullwhip effect; oil and gas industry; research proposal; supply networks; machine learning artificial neural networks; bullwhip effect; oil and gas industry; research proposal; supply networks; machine learning
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Sousa, A.L.; Ribeiro, T.P.; Relvas, S.; Barbosa-Póvoa, A. Using Machine Learning for Enhancing the Understanding of Bullwhip Effect in the Oil and Gas Industry. Mach. Learn. Knowl. Extr. 2019, 1, 994-1012.

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