Shipment forecasting for supply chain collaborative transportation management using grey models with grey numbers

The sharing of forecasts is vital to supply chain collaborative transportation management (CTM). Shipment forecasting is fundamental to CTM, and is essential to carrier tactical and operational planning processes such as network planning, routing, scheduling, and fleet planning and assignment. By applying and extending grey forecasting theory, this paper develops a series of shipment forecasting models for supply chain CTM. Grey time-series forecasting and grey systematic forecasting models are developed for shipment forecasting under different collaborative frameworks. This paper also integrates grey numbers with grey models for analyzing shipment forecasting under partial information sharing in CTM frameworks. An example of an integrated circuit (IC) supply chain and relevant data are provided. The proposed models yield more accurate prediction results than regression, autoregressive integrated moving average (ARIMA), and neural network models. Finally, numerical results indicate that as the degree of information sharing increases under CTM, carrier prediction accuracy increases. This paper demonstrates how the proposed forecasting models can be applied to the CTM system and provides the theoretical basis for the forecasting module developed for supply chain CTM.