An earth-boring tool system that includes a drilling assembly for drilling a wellbore and a surface control unit. The surface control unit includes a prediction system that is configured to train a hybrid physics and machine-learning model based on input data, provide, via the hybrid model, a predictive model representing a rate of penetration of an earth-boring tool and wear of the earth-boring tool during a planned drilling operation, provide one or more recommendations of drilling parameters based on the predictive model, utilize the one or more recommendations in a drilling operation, receive real-time data from the drilling operation, retrain the hybrid model based on a combination of the input data and the real-time data, and provide, via the retrained model, an updated predictive model of a rate of penetration of an earth-boring tool and wear of the earth-boring tool during a remainder of the planned drilling operation.