Adaptive combination forecasting model for China’s logistics freight volume based on an improved PSO-BP neural network

– To accurately forecast logistics freight volume plays a vital part in rational planning formulation for a country. The purpose of this paper is to contribute to developing a novel combination forecasting model to predict China’s logistics freight volume, in which an improved PSO-BP neural network is proposed to determine the combination weights. , – Since BP neural network has the ability of learning, storing, and recalling information that given by individual forecasting models, it is effective in determining the combination weights of combination forecasting model. First, an improved PSO based on simulated annealing method and space-time adjustment strategy (SAPSO) is proposed to solve out the connection weights of BP neural network, which overcomes the problems of local optimum traps, low precision and poor convergence during BP neural network training process. Then, a novel combination forecast model based on SAPSO-BP neural network is established. , – Simulation tests prove that the proposed SAPSO has better convergence performance and more stability. At the same time, combination forecasting models based on three types of BP neural networks are developed, which rank as SAPSO-BP, PSO-BP and BP in accordance with mean absolute percentage error (MAPE) and convergent speed. Also the proposed combination model based on SAPSO-BP shows its superiority, compared with some other combination weight assignment methods. , – SAPSO-BP neural network is an original contribution to the combination weight assignment methods of combination forecasting model, which has better convergence performance and more stability.

[1]  William H. K. Lam,et al.  Forecasts and reliability analysis of port cargo throughput in Hong Kong , 2004 .

[2]  Bao Rong Chang,et al.  Forecast approach using neural network adaptation to support vector regression grey model and generalized auto-regressive conditional heteroscedasticity , 2008, Expert Syst. Appl..

[3]  Nco Academ Freight Volume Forecast Based on Wavelet Neural Network , 2013 .

[4]  Gang Li,et al.  Combination forecasts of international tourism demand , 2011 .

[5]  Young-Oh Kim,et al.  Combining single-value streamflow forecasts - a review and guidelines for selecting techniques. , 2009 .

[6]  Haiyan Lu,et al.  Combining forecasts of electricity consumption in China with time-varying weights updated by a high-order Markov chain model , 2014 .

[7]  Wen Long,et al.  Particle swarm optimization with dynamic change of inertia weights: Particle swarm optimization with dynamic change of inertia weights , 2009 .

[8]  Okan Duru,et al.  A fuzzy extended DELPHI method for adjustment of statistical time series prediction: An empirical study on dry bulk freight market case , 2012, Expert Syst. Appl..

[9]  Liang Yigang Prediction of Railway Freight Volumes Based on Grey Adaptive Particle Swarm Least Squares Support Vector Machine Model , 2012 .

[10]  Yongqiang Wang,et al.  An improved self-adaptive PSO technique for short-term hydrothermal scheduling , 2012, Expert Syst. Appl..

[11]  Li Song Prediction for short-term traffic flow based on modified PSO optimized BP neural network , 2012 .

[12]  Wang Gao-qing Predictive method of highway freight volume based on fuzzy linear regression model , 2012 .

[13]  Kim Fung Lam,et al.  A note on minimizing absolute percentage error in combined forecasts , 2001, Comput. Oper. Res..

[14]  S. Kolassa Combining exponential smoothing forecasts using Akaike weights , 2011 .

[15]  Zhang Fei-lian Stochastic Grey System Model for Forecasting Passenger and Freight Railway Volume , 2005 .

[16]  Gang Yan,et al.  Particle swarm optimization with dynamic change of inertia weights: Particle swarm optimization with dynamic change of inertia weights , 2009 .

[17]  Masoud Shariat Panahi,et al.  An improved PSO algorithm with a territorial diversity-preserving scheme and enhanced exploration-exploitation balance , 2013, Swarm Evol. Comput..

[18]  Michael Y. Hu,et al.  Combining conditional volatility forecasts using neural networks: an application to the EMS exchange rates , 1999 .

[19]  Zhiqian Chen,et al.  Forecast of civil aviation freight volume using unbiased grey-fuzzy-Markov chain method , 2013, 2013 6th International Conference on Information Management, Innovation Management and Industrial Engineering.

[20]  J. M. Bates,et al.  The Combination of Forecasts , 1969 .

[21]  Allan Timmermann,et al.  Optimal Forecast Combinations Under General Loss Functions and Forecast Error Distributions , 2002 .

[22]  Xumei Chen,et al.  Forecast of Passenger and Freight Traffic Volume based on Elasticity Coefficient Method and Grey Model , 2013 .

[23]  Jing Shi,et al.  Bayesian adaptive combination of short-term wind speed forecasts from neural network models , 2011 .

[24]  Cheng Zhou,et al.  Adaptive combination forecasting model for logistics freight volume based on area correlation method: Adaptive combination forecasting model for logistics freight volume based on area correlation method , 2013 .

[25]  Long Wen Improved particle swarm optimization based on dynamic random search technique and good-point set , 2011 .

[26]  Wenjun Zhang,et al.  Dissipative particle swarm optimization , 2002, Proceedings of the 2002 Congress on Evolutionary Computation. CEC'02 (Cat. No.02TH8600).

[27]  Derek W. Bunn,et al.  Review of guidelines for the use of combined forecasts , 2000, Eur. J. Oper. Res..

[28]  Bin Lei,et al.  Railway freight volume prediction based on grey neural network with improved particle swarm optimization: Railway freight volume prediction based on grey neural network with improved particle swarm optimization , 2013 .