Harika Marisetti and Lakshmi Ravi’s Master thesis project “Economic Value Prediction of Multi-Echelon Safety Stock Optimisation Based on Supply Network Features”, supervised by Prof. Joachim Arts, took home the “Grand Prize” award at the 2022 MIT SCALE Supply Chain Research Expo.
Ms. Marisetti and Ms. Ravi are both students of the University of Luxembourg at the Luxembourg Centre for Logistics & Supply Chain Management in the Logistics and Supply Chain Management (LSCM) Master programme The winning project was presented during the cohort’s 3-week stay at the MIT Center for Transportation and Logistics (CTL) in Cambridge, Massachusetts.
The project aims at predicting the value of optimised safety stock across the supply chain network in a multi-echelon environment using Machine Learning. Critical steps include identification of the features impacting the value of safety stock and creation of a model to predict them. The project is expected to deliver a model which takes supply chain network features as input and provides value of safety stock as an output.
This project is sponsored by BASF, one of the largest chemical groups in the world with headquarters in Ludwigshafen am Rhein, in Germany.
Ms. Marisetti and Ms. Ravi present their project in a short video
A few impressions of the event
