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Forecasting the Demand for Container Throughput Using a Mixed-Precision Neural Architecture Based on CNN–LSTM

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  • Cheng-Hong Yang

    (Department of Electronic Engineering, National Kaohsiung University of Science and Technology, Kaohsiung 80778, Taiwan
    Ph.D. Program in Biomedical Engineering, Kaohsiung Medical University, Kaohsiung 80708, Taiwan)

  • Po-Yin Chang

    (Department of Electronic Engineering, National Kaohsiung University of Science and Technology, Kaohsiung 80778, Taiwan)

Abstract

Forecasting the demand for container throughput is a critical indicator to measure the development level of a port in global business management and industrial development. Time-series analysis approaches are crucial techniques for forecasting the demand for container throughput. However, accurate demand forecasting for container throughput remains a challenge in time-series analysis approaches. In this study, we proposed a mixed-precision neural architecture to forecasting the demand for container throughput. This study is the first work to use a mixed-precision neural network to forecast the container throughput—the mixed-precision architecture used the convolutional neural network for learning the strength of the features and used long short-term memory to identify the crucial internal representation of time series depending on the strength of the features. The experiments on the demand for container throughput of the five ports in Taiwan were conducted to compare our deep learning architecture with other forecasting approaches. The results indicated that our mixed-precision neural architecture exhibited higher forecasting performance than classic machine learning approaches, including adaptive boosting, random forest regression, and support vector regression. The proposed architecture can effectively predict the demand for port container throughput and effectively reduce the costs of planning and development of ports in the future.

Suggested Citation

  • Cheng-Hong Yang & Po-Yin Chang, 2020. "Forecasting the Demand for Container Throughput Using a Mixed-Precision Neural Architecture Based on CNN–LSTM," Mathematics, MDPI, vol. 8(10), pages 1-17, October.
  • Handle: RePEc:gam:jmathe:v:8:y:2020:i:10:p:1784-:d:428390
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    References listed on IDEAS

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    Cited by:

    1. Filom, Siyavash & Amiri, Amir M. & Razavi, Saiedeh, 2022. "Applications of machine learning methods in port operations – A systematic literature review," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 161(C).
    2. Truong Ngoc Cuong & Le Ngoc Bao Long & Hwan-Seong Kim & Sam-Sang You, 2023. "Data analytics and throughput forecasting in port management systems against disruptions: a case study of Busan Port," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 25(1), pages 61-89, March.
    3. Truong Ngoc Cuong & Sam-Sang You & Le Ngoc Bao Long & Hwan-Seong Kim, 2022. "Seaport Resilience Analysis and Throughput Forecast Using a Deep Learning Approach: A Case Study of Busan Port," Sustainability, MDPI, vol. 14(21), pages 1-25, October.
    4. Mehran Farzadmehr & Valentin Carlan & Thierry Vanelslander, 2023. "Contemporary challenges and AI solutions in port operations: applying Gale–Shapley algorithm to find best matches," Journal of Shipping and Trade, Springer, vol. 8(1), pages 1-44, December.

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