Demand Forecasting for Platelet Usage: from Univariate Time Series to Multivariate Models

01/06/2021
by   Maryam Motamedi, et al.
0

Platelet products are both expensive and have very short shelf lives. As usage rates for platelets are highly variable, the effective management of platelet demand and supply is very important yet challenging. The primary goal of this paper is to present an efficient forecasting model for platelet demand at Canadian Blood Services (CBS). To accomplish this goal, four different demand forecasting methods, ARIMA (Auto Regressive Moving Average), Prophet, lasso regression (least absolute shrinkage and selection operator) and LSTM (Long Short-Term Memory) networks are utilized and evaluated. We use a large clinical dataset for a centralized blood distribution centre for four hospitals in Hamilton, Ontario, spanning from 2010 to 2018 and consisting of daily platelet transfusions along with information such as the product specifications, the recipients' characteristics, and the recipients' laboratory test results. This study is the first to utilize different methods from statistical time series models to data-driven regression and a machine learning technique for platelet transfusion using clinical predictors and with different amounts of data. We find that the multivariate approaches have the highest accuracy in general, however, if sufficient data are available, a simpler time series approach such as ARIMA appears to be sufficient. We also comment on the approach to choose clinical indicators (inputs) for the multivariate models.

READ FULL TEXT
research
08/17/2020

A decision integration strategy for short-term demand forecasting and ordering for red blood cell components

Blood transfusion is one of the most crucial and commonly administered t...
research
08/19/2020

Demand Forecasting using Long Short-Term Memory Neural Networks

In this paper we investigate to what extent long short-term memory neura...
research
01/13/2019

Sales Demand Forecast in E-commerce using a Long Short-Term Memory Neural Network Methodology

Generating accurate and reliable sales forecasts is crucial in the E-com...
research
01/10/2018

Multivariate Bayesian Structural Time Series Model

This paper deals with inference and prediction for multiple correlated t...
research
03/10/2018

ARMDN: Associative and Recurrent Mixture Density Networks for eRetail Demand Forecasting

Accurate demand forecasts can help on-line retail organizations better p...

Please sign up or login with your details

Forgot password? Click here to reset