Managing and predicting supply chain risks with machine learning and AI

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School of Business | Bachelor's thesis
Electronic archive copy is available locally at the Harald Herlin Learning Centre. The staff of Aalto University has access to the electronic bachelor's theses by logging into Aaltodoc with their personal Aalto user ID. Read more about the availability of the bachelor's theses.

Date

2024

Major/Subject

Mcode

Degree programme

Tieto- ja palvelujohtaminen

Language

en

Pages

20+4

Series

Abstract

This thesis investigates the applications of machine learning and artificial intelligence in managing and predicting risks in supply chain networks. The thesis investigates the common supply chain risks and the elements of supply chain resilience. The thesis explores some of the flaws in traditional risk management and looks into the transformation process to machine learning-based methods, that strengthen supply chain resilience and efficiency. The thesis also explores the significance of real-time risk management, and machine learning algorithms’ ability to predict risks in supply chains. This thesis conducts a literature review from scientific articles and journals, combines some of the findings and makes new conclusions. Older and newer studies are combined to find the right balance between proven theory and applications that are used by businesses around the world.

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Thesis advisor

Kim, Seongtae

Keywords

artificial intellegence, machine learning, risk management, risk prediction

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