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Integrating topic-distribution features into forecasting and inventory optimization: Evidence from Taiwan's blood
Tsung-Hsi Wang1, Tzu-Chien Wang2, Chia-Kai Li3
1Taiwan Blood Services Foundation, Taiwan, ROC; College of Management, National Taiwan University, Taiwan, ROC.
This study introduces a novel forecasting framework for blood donation, integrating text data to predict supply fluctuations. The approach significantly improves accuracy, enhancing blood supply chain resilience.
Area of Science:
- Healthcare Operations Research
- Data Science
- Public Health
Background:
- Blood donation volumes exhibit high volatility due to external events like pandemics and holidays.
- Traditional statistical models struggle to account for event-driven shocks in blood supply.
- Unstructured text data from news and social media contains valuable information for predicting donation fluctuations.
Purpose of the Study:
- To develop a semantics-enhanced forecasting framework for blood donation.
- To integrate structured donation data with unstructured text data for improved prediction.
- To enhance the resilience of blood supply chains against unpredictable demand.
Main Methods:
- Benchmarked topic-modeling methods, selecting BERTopic for its performance.
- Aggregated document-level topic distributions, compressed using Principal Component Analysis (PCA), and transformed into lagged predictors.
- Combined semantic features with structured data to train Gradient Boosting, XGBoost, LightGBM, CatBoost, Random Forest, GAM, and SARIMAX models.
Main Results:
- Semantic features significantly improved predictive accuracy, with Gradient Boosting achieving the best performance.
- A 28% reduction in root mean square error (RMSE) and a 0.33 increase in R-squared were observed.
- SHapley Additive exPlanations (SHAP) identified key predictors including campaign indicators, mobile donation sites, donor demographics, and epidemic/disaster-related topics.
Conclusions:
- The "predict-then-optimize" pipeline enhances blood supply resilience by incorporating semantic insights.
- The framework is generalizable to other healthcare or perishable supply chains facing event-driven volatility.
- Accurate forecasting of blood donation volumes is crucial for efficient inventory management and service level optimization.
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