Bookcover of Freight Forwarding Cost Estimation
Booktitle:

Freight Forwarding Cost Estimation

An Analogy Based Approach

LAP LAMBERT Academic Publishing (2014-08-19 )

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ISBN-13:

978-3-659-58859-4

ISBN-10:
3659588598
EAN:
9783659588594
Book language:
English
Blurb/Shorttext:
Accurate cost estimation is key to successfully competing in the international freight forwarding industry. Traditionally, this function been performed manually by skilled employees. However, the modern availability of powerful and affordable computers, coupled with recent advances in predictive analytics, offer the possibility of an automated method. This book offers a computer based technique for freight forwarding cost estimation based on a variation of the k-Nearest Neighbors (k-NN) data mining algorithm. The method was tested against seven years of shipping records from an actual freight forwarding firm in Ireland. The results of this study would be of interest supply chain researchers, data scientists, and developers of cost estimating software.
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Kevin A. Straight
Number of pages:
60
Published at:
2014-08-19
Stock:
Available
Category:
Informatics, IT
Price:
39.90 €
Keywords:
estimation by analogy, Machine Learning, international shipping

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