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Article
Publication date: 18 December 2023

Volodymyr Novykov, Christopher Bilson, Adrian Gepp, Geoff Harris and Bruce James Vanstone

Machine learning (ML), and deep learning in particular, is gaining traction across a myriad of real-life applications. Portfolio management is no exception. This paper provides a…

Abstract

Purpose

Machine learning (ML), and deep learning in particular, is gaining traction across a myriad of real-life applications. Portfolio management is no exception. This paper provides a systematic literature review of deep learning applications for portfolio management. The findings are likely to be valuable for industry practitioners and researchers alike, experimenting with novel portfolio management approaches and furthering investment management practice.

Design/methodology/approach

This review follows the guidance and methodology of Linnenluecke et al. (2020), Massaro et al. (2016) and Fisch and Block (2018) to first identify relevant literature based on an appropriately developed search phrase, filter the resultant set of publications and present descriptive and analytical findings of the research itself and its metadata.

Findings

The authors find a strong dominance of reinforcement learning algorithms applied to the field, given their through-time portfolio management capabilities. Other well-known deep learning models, such as convolutional neural network (CNN) and recurrent neural network (RNN) and its derivatives, have shown to be well-suited for time-series forecasting. Most recently, the number of papers published in the field has been increasing, potentially driven by computational advances, hardware accessibility and data availability. The review shows several promising applications and identifies future research opportunities, including better balance on the risk-reward spectrum, novel ways to reduce data dimensionality and pre-process the inputs, stronger focus on direct weights generation, novel deep learning architectures and consistent data choices.

Originality/value

Several systematic reviews have been conducted with a broader focus of ML applications in finance. However, to the best of the authors’ knowledge, this is the first review to focus on deep learning architectures and their applications in the investment portfolio management problem. The review also presents a novel universal taxonomy of models used.

Details

Journal of Accounting Literature, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0737-4607

Keywords

Open Access
Article
Publication date: 24 May 2024

Bingzi Jin and Xiaojie Xu

Agriculture commodity price forecasts have long been important for a variety of market players. The study we conducted aims to address this difficulty by examining the weekly…

Abstract

Purpose

Agriculture commodity price forecasts have long been important for a variety of market players. The study we conducted aims to address this difficulty by examining the weekly wholesale price index of green grams in the Chinese market. The index covers a ten-year period, from January 1, 2010, to January 3, 2020, and has significant economic implications.

Design/methodology/approach

In order to address the nonlinear patterns present in the price time series, we investigate the nonlinear auto-regressive neural network as the forecast model. This modeling technique is able to combine a variety of basic nonlinear functions to approximate more complex nonlinear characteristics. Specifically, we examine prediction performance that corresponds to several configurations across data splitting ratios, hidden neuron and delay counts, and model estimation approaches.

Findings

Our model turns out to be rather simple and yields forecasts with good stability and accuracy. Relative root mean square errors throughout training, validation and testing are specifically 4.34, 4.71 and 3.98%, respectively. The results of benchmark research show that the neural network produces statistically considerably better performance when compared to other machine learning models and classic time-series econometric methods.

Originality/value

Utilizing our findings as independent technical price forecasts would be one use. Alternatively, policy research and fresh insights into price patterns might be achieved by combining them with other (basic) prediction outputs.

Details

Asian Journal of Economics and Banking, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2615-9821

Keywords

Article
Publication date: 6 February 2024

Awni Rawashdeh

This study aims to examine the role of blockchain technology (BCT) in trust in financial reporting (TFR) and the use of smart contracts (USC). It aims to ascertain the mediating…

Abstract

Purpose

This study aims to examine the role of blockchain technology (BCT) in trust in financial reporting (TFR) and the use of smart contracts (USC). It aims to ascertain the mediating role of USC in the relationship between BCT and TFR, thereby contributing to the limited empirical literature in this domain.

Design/methodology/approach

Based on a sample of the accountants’ familiarity with BCT, a structural equation model was constructed and analyzed using AMOS 24. The model proposes and tests relationships between BCT, USC and TFR.

Findings

The study highlights BCT’s significant positive influence on TFR, with USC mediating this effect. It provides empirical evidence that supports the transformative potential of BCT and USC in enhancing TFR.

Practical implications

These findings have significant implications for practitioners, regulatory bodies and policymakers. By highlighting the effectiveness of BCT and USC in fostering TFR, the study makes one aware of strategies to mitigate financial malpractices. It promotes the adoption of BCT in accounting practices.

Originality/value

This study addresses a gap in the literature by investigating the complex interplay of BCT, USC and TFR. It offers a unique perspective by exploring the mediating role of USC, thereby enhancing our understanding of the mechanisms through which BCT can foster TFR.

Details

Journal of Financial Reporting and Accounting, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1985-2517

Keywords

Article
Publication date: 9 February 2024

Heetae Yang, Yeram Cho and Sang-Yeal Han

This study develops a comprehensive research model and investigates the significant factors affecting positive marketing outcomes in the Metaverse through perceived social…

Abstract

Purpose

This study develops a comprehensive research model and investigates the significant factors affecting positive marketing outcomes in the Metaverse through perceived social benefits and trust.

Design/methodology/approach

The authors propose a new research model based on social exchange theory (SET) and examine the impact of cost and reward factors. Using 327 survey samples collected from current Metaverse users in South Korea, dual-stage analysis using Partial Least Squares Structural Equation Modeling (PLS-SEM) and an artificial neural network (ANN) were employed to test the study’s hypotheses.

Findings

The results showed that perceived social benefit and trust had significant mediating effects on marketing outcomes, such as loyalty to the seller, product/service attitude, and purchase intention. All antecedents, except perceived performance risk, had a crucial impact on the two mediators. The most interesting finding of this study is the positive influence of knowledge-seeking efforts on perceived social benefits.

Originality/value

This study is the first empirical research to examine the effectiveness of marketing in the Metaverse. It also proposes a new theoretical model based on SET to investigate users’ behavioral intentions regarding marketing in the Metaverse, and confirms its explanatory power. Moreover, the results of this study also offer suggestions to brands on how to market to consumers in the Metaverse.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 21 May 2024

Sakshi Vishnoi and Jinil Persis

Managing weeds and pests in cropland is one of the major concerns in agriculture that greatly affects the quantity and quality of the produce. While the success of preventing…

Abstract

Purpose

Managing weeds and pests in cropland is one of the major concerns in agriculture that greatly affects the quantity and quality of the produce. While the success of preventing potential weeds and pests is not guaranteed, early detection and diagnosis help manage them effectively to ensure crops’ growth and health

Design/methodology/approach

We propose a diagnostic framework for crop management with automatic weed and pest detection and identification in maize crops using residual neural networks. We train two models, one for weed detection with a labeled image dataset of maize and commonly occurring weed plants, and another for leaf disease detection using a labeled image dataset of healthy and infected maize leaves. The global and local explanations of image classification are obtained and presented

Findings

Weed and disease detection and identification can be accurately performed using deep-learning neural networks. Weed detection is accurate up to 97%, and disease detection up to 95% is made on average and the results are presented. Further, using this crop management system, we can detect the presence of weeds and pests in the maize crop early, and the annual yield of the maize crop can potentially increase by 90% theoretically with suitable control actions

Practical implications

The proposed diagnostic models can be further used on farms to monitor the health of maize crops. Images obtained from drones and robots can be fed to these models, which can then automatically detect and identify weed and disease attacks on maize farms. This offers early diagnosis, which enables necessary treatment and control of crops at the early stages without affecting the yield of the maize crop

Social implications

The proposed crop management framework allows treatment and control of weeds and pests only in the affected regions of the farms and hence minimizes the use of harmful pesticides and herbicides and their related health effects on consumers and farmers.

Originality/value

This study presents an integrated weed and disease diagnostic framework, which is scarcely reported in the literature

Details

International Journal of Productivity and Performance Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1741-0401

Keywords

Article
Publication date: 24 April 2024

S. Thavasi and T. Revathi

With so many placement opportunities around the students in their final or prefinal year, they start to feel the strain of the season. The students feel the need to be aware of…

Abstract

Purpose

With so many placement opportunities around the students in their final or prefinal year, they start to feel the strain of the season. The students feel the need to be aware of their position and how to increase their chances of being hired. Hence, a system to guide their career is one of the needs of the day.

Design/methodology/approach

The job role prediction system utilizes machine learning techniques such as Naïve Bayes, K-Nearest Neighbor, Support Vector machines (SVM) and Artificial Neural Networks (ANN) to suggest a student’s job role based on their academic performance and course outcomes (CO), out of which ANN performs better. The system uses the Mepco Schlenk Engineering College curriculum, placement and students’ Assessment data sets, in which the CO and syllabus are used to determine the skills that the student has gained from their courses. The necessary skills for a job position are then extracted from the job advertisements. The system compares the student’s skills with the required skills for the job role based on the placement prediction result.

Findings

The system predicts placement possibilities with an accuracy of 93.33 and 98% precision. Also, the skill analysis for students gives the students information about their skill-set strengths and weaknesses.

Research limitations/implications

For skill-set analysis, only the direct assessment of the students is considered. Indirect assessment shall also be considered for future scope.

Practical implications

The model is adaptable and flexible (customizable) to any type of academic institute or universities.

Social implications

The research will be very much useful for the students community to bridge the gap between the academic and industrial needs.

Originality/value

Several works are done for career guidance for the students. However, these career guidance methodologies are designed only using the curriculum and students’ basic personal information. The proposed system will consider the students’ academic performance through direct assessment, along with their curriculum and basic personal information.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 9 January 2024

Ning Chen, Zhenyu Zhang and An Chen

Consequence prediction is an emerging topic in safety management concerning the severity outcome of accidents. In practical applications, it is usually implemented through…

Abstract

Purpose

Consequence prediction is an emerging topic in safety management concerning the severity outcome of accidents. In practical applications, it is usually implemented through supervised learning methods; however, the evaluation of classification results remains a challenge. The previous studies mostly adopted simplex evaluation based on empirical and quantitative assessment strategies. This paper aims to shed new light on the comprehensive evaluation and comparison of diverse classification methods through visualization, clustering and ranking techniques.

Design/methodology/approach

An empirical study is conducted using 9 state-of-the-art classification methods on a real-world data set of 653 construction accidents in China for predicting the consequence with respect to 39 carefully featured factors and accident type. The proposed comprehensive evaluation enriches the interpretation of classification results from different perspectives. Furthermore, the critical factors leading to severe construction accidents are identified by analyzing the coefficients of a logistic regression model.

Findings

This paper identifies the critical factors that significantly influence the consequence of construction accidents, which include accident type (particularly collapse), improper accident reporting and handling (E21), inadequate supervision engineers (O41), no special safety department (O11), delayed or low-quality drawings (T11), unqualified contractor (C21), schedule pressure (C11), multi-level subcontracting (C22), lacking safety examination (S22), improper operation of mechanical equipment (R11) and improper construction procedure arrangement (T21). The prediction models and findings of critical factors help make safety intervention measures in a targeted way and enhance the experience of safety professionals in the construction industry.

Research limitations/implications

The empirical study using some well-known classification methods for forecasting the consequences of construction accidents provides some evidence for the comprehensive evaluation of multiple classifiers. These techniques can be used jointly with other evaluation approaches for a comprehensive understanding of the classification algorithms. Despite the limitation of specific methods used in the study, the presented methodology can be configured with other classification methods and performance metrics and even applied to other decision-making problems such as clustering.

Originality/value

This study sheds new light on the comprehensive comparison and evaluation of classification results through visualization, clustering and ranking techniques using an empirical study of consequence prediction of construction accidents. The relevance of construction accident type is discussed with the severity of accidents. The critical factors influencing the accident consequence are identified for the sake of taking prevention measures for risk reduction. The proposed method can be applied to other decision-making tasks where the evaluation is involved as an important component.

Details

Construction Innovation , vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1471-4175

Keywords

Article
Publication date: 2 April 2024

R.S. Vignesh and M. Monica Subashini

An abundance of techniques has been presented so forth for waste classification but, they deliver inefficient results with low accuracy. Their achievement on various repositories…

Abstract

Purpose

An abundance of techniques has been presented so forth for waste classification but, they deliver inefficient results with low accuracy. Their achievement on various repositories is different and also, there is insufficiency of high-scale databases for training. The purpose of the study is to provide high security.

Design/methodology/approach

In this research, optimization-assisted federated learning (FL) is introduced for thermoplastic waste segregation and classification. The deep learning (DL) network trained by Archimedes Henry gas solubility optimization (AHGSO) is used for the classification of plastic and resin types. The deep quantum neural networks (DQNN) is used for first-level classification and the deep max-out network (DMN) is employed for second-level classification. This developed AHGSO is obtained by blending the features of Archimedes optimization algorithm (AOA) and Henry gas solubility optimization (HGSO). The entities included in this approach are nodes and servers. Local training is carried out depending on local data and updations to the server are performed. Then, the model is aggregated at the server. Thereafter, each node downloads the global model and the update training is executed depending on the downloaded global and the local model till it achieves the satisfied condition. Finally, local update and aggregation at the server is altered based on the average method. The Data tag suite (DATS_2022) dataset is used for multilevel thermoplastic waste segregation and classification.

Findings

By using the DQNN in first-level classification the designed optimization-assisted FL has gained an accuracy of 0.930, mean average precision (MAP) of 0.933, false positive rate (FPR) of 0.213, loss function of 0.211, mean square error (MSE) of 0.328 and root mean square error (RMSE) of 0.572. In the second level classification, by using DMN the accuracy, MAP, FPR, loss function, MSE and RMSE are 0.932, 0.935, 0.093, 0.068, 0.303 and 0.551.

Originality/value

The multilevel thermoplastic waste segregation and classification using the proposed model is accurate and improves the effectiveness of the classification.

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