Dynamic Voting Classifier for Risk Identification in Supply Chain 4.0

Supply chain 4.0 refers to the fourth industrial revolution's supply chain management systems, which integrate the supply chain's manufacturing operations, information technology, and telecommunication processes. Although supply chain 4.0 aims to improve supply chains' production systems and profitability, it is subject to different operational and disruptive risks. Operational risks are a big challenge in the cycle of supply chain 4.0 for controlling the demand and supply operations to produce and deliver products across IT systems. This paper proposes a voting classifier to identify the operational risks in the supply chain 4.0 based on a Sine Cosine Dynamic Group (SCDG) algorithm. Exploration and exploitation mechanisms of the basic Sine Cosine Algorithm (CSA) are adjusted and controlled by two groups of agents that can be changed dynamically during the iterations. External and internal features were collected and analyzed from different data sources of service level agreements and transaction data from various KSA firms to validate the proposed algorithm's efficiency. A balanced accuracy of 0.989 and a Mean Square Error (MSE) of 0.0476 were achieved compared with other optimization-based classifier techniques. A one-way analysis of variance (ANOVA) and Wilcoxon rank-sum tests were performed to show the superiority of the proposed SCDG algorithm. Thus, the experimental results indicate the effectiveness of the proposed SCDG algorithm-based voting classifier.

Automated summary

This paper introduces the concept of Supply Chain 4.0 and its application in identifying operational risks, proposing a voting classifier based on the SCDG algorithm and demonstrating its effectiveness and superiority through experiments. The algorithm, through the analysis of internal and external features, is able to improve operational efficiency in the production and delivery process of the supply chain system.