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Open Access
Article
Publication date: 3 August 2020

Zhao-Peng Li, Li Yang, Si-Rui Li and Xiaoling Yuan

China’s national carbon market will be officially launched in 2020, when it will become the world’s largest carbon market. However, China’s carbon market is faced with various…

1292

Abstract

Purpose

China’s national carbon market will be officially launched in 2020, when it will become the world’s largest carbon market. However, China’s carbon market is faced with various major challenges. One of the most important challenges is its impact on the social and economic development of arid and semi-arid regions. By simulating the carbon price trends under different economic development and energy consumption levels, this study aims to help the government can plan ahead to formulate various countermeasures to promote the integration of arid and semi-arid regions into the national carbon market.

Design/methodology/approach

To achieve this goal, this paper builds a back propagation neural network model, takes the third phase of the European Union Emissions Trading System (EU ETS) as the research object and uses the mean impact value method to screen out the important driving variables of European Union Allowance (EUA) price, including economic development (Stoxx600, Stoxx50, FTSE, CAC40 and DAX), black energy (coal and Brent), clean energy (gas, PV Crystalox Solar and Nordex) and carbon price alternatives Certification Emission Reduction (CER). Finally, this paper sets up six scenarios by combining the above variables to simulate the impact of different economic development and energy consumption levels on carbon price trends.

Findings

Under the control of the unchanged CER price level, economic development, black energy and clean energy development will all have a certain impact on the EUA price trends. When economic development, black energy consumption and clean energy development are on the rise, the EUA price level will increase. When the three types of variables show a downward trend, except for the sluggish development of clean energy, which will cause the EUA price to rise sharply, the EUA price trend will also decline accordingly in the remaining scenarios.

Originality/value

On the one hand, this paper incorporates driving factors of carbon price into the construction of carbon price prediction system, which not only has higher prediction accuracy but also can simulate the long-term price trend. On the other hand, this paper uses scenario simulation to show the size, direction and duration of the impact of economic development, black energy consumption and clean energy development on carbon prices in a more intuitive way.

Details

International Journal of Climate Change Strategies and Management, vol. 12 no. 5
Type: Research Article
ISSN: 1756-8692

Keywords

Open Access
Article
Publication date: 23 March 2023

Tangjian Wei, Xingqi Yang, Guangming Xu and Feng Shi

This paper aims to propose a medium-term forecast model for the daily passenger volume of High Speed Railway (HSR) systems to predict the daily the Origin-Destination (OD) daily…

Abstract

Purpose

This paper aims to propose a medium-term forecast model for the daily passenger volume of High Speed Railway (HSR) systems to predict the daily the Origin-Destination (OD) daily volume for multiple consecutive days (e.g. 120 days).

Design/methodology/approach

By analyzing the characteristics of the historical data on daily passenger volume of HSR systems, the date and holiday labels were designed with determined value ranges. In accordance to the autoregressive characteristics of the daily passenger volume of HSR, the Double Layer Parallel Wavelet Neural Network (DLP-WNN) model suitable for the medium-term (about 120 d) forecast of the daily passenger volume of HSR was established. The DLP-WNN model obtains the daily forecast result by weighed summation of the daily output values of the two subnets. Subnet 1 reflects the overall trend of daily passenger volumes in the recent period, and subnet 2 the daily fluctuation of the daily passenger volume to ensure the accuracy of medium-term forecast.

Findings

According to the example application, in which the DLP-WNN model was used for the medium-term forecast of the daily passenger volumes for 120 days for typical O-D pairs at 4 different distances, the average absolute percentage error is 7%-12%, obviously lower than the results measured by the Back Propagation (BP) neural network, the ELM (extreme learning machine), the ELMAN neural network, the GRNN (generalized regression neural network) and the VMD-GA-BP. The DLP-WNN model was verified to be suitable for the medium-term forecast of the daily passenger volume of HSR.

Originality/value

This study proposed a Double Layer Parallel structure forecast model for medium-term daily passenger volume (about 120 days) of HSR systems by using the date and holiday labels and Wavelet Neural Network. The predict results are important input data for supporting the line planning, scheduling and other decisions in operation and management in HSR systems.

Details

Railway Sciences, vol. 2 no. 1
Type: Research Article
ISSN: 2755-0907

Keywords

Content available
Book part
Publication date: 14 November 2022

Abstract

Details

Exploring the Latest Trends in Management Literature
Type: Book
ISBN: 978-1-80262-357-4

Open Access
Article
Publication date: 4 April 2023

Xiaojie Xu and Yun Zhang

Forecasts of commodity prices are vital issues to market participants and policy makers. Those of corn are of no exception, considering its strategic importance. In the present…

1007

Abstract

Purpose

Forecasts of commodity prices are vital issues to market participants and policy makers. Those of corn are of no exception, considering its strategic importance. In the present study, the authors assess the forecast problem for the weekly wholesale price index of yellow corn in China during January 1, 2010–January 10, 2020 period.

Design/methodology/approach

The authors employ the nonlinear auto-regressive neural network as the forecast tool and evaluate forecast performance of different model settings over algorithms, delays, hidden neurons and data splitting ratios in arriving at the final model.

Findings

The final model is relatively simple and leads to accurate and stable results. Particularly, it generates relative root mean square errors of 1.05%, 1.08% and 1.03% for training, validation and testing, respectively.

Originality/value

Through the analysis, the study shows usefulness of the neural network technique for commodity price forecasts. The results might serve as technical forecasts on a standalone basis or be combined with other fundamental forecasts for perspectives of price trends and corresponding policy analysis.

Details

EconomiA, vol. 24 no. 1
Type: Research Article
ISSN: 1517-7580

Keywords

Open Access
Article
Publication date: 11 August 2021

Yang Zhao and Zhonglu Chen

This study explores whether a new machine learning method can more accurately predict the movement of stock prices.

3234

Abstract

Purpose

This study explores whether a new machine learning method can more accurately predict the movement of stock prices.

Design/methodology/approach

This study presents a novel hybrid deep learning model, Residual-CNN-Seq2Seq (RCSNet), to predict the trend of stock price movement. RCSNet integrates the autoregressive integrated moving average (ARIMA) model, convolutional neural network (CNN) and the sequence-to-sequence (Seq2Seq) long–short-term memory (LSTM) model.

Findings

The hybrid model is able to forecast both linear and non-linear time-series component of stock dataset. CNN and Seq2Seq LSTMs can be effectively combined for dynamic modeling of short- and long-term-dependent patterns in non-linear time series forecast. Experimental results show that the proposed model outperforms baseline models on S&P 500 index stock dataset from January 2000 to August 2016.

Originality/value

This study develops the RCSNet hybrid model to tackle the challenge by combining both linear and non-linear models. New evidence has been obtained in predicting the movement of stock market prices.

Details

Journal of Asian Business and Economic Studies, vol. 29 no. 2
Type: Research Article
ISSN: 2515-964X

Keywords

Open Access
Article
Publication date: 19 December 2018

Lei Zhu, Shuguang Li, Yaohua Li, Min Wang, Yanyu Li and Jin Yao

Cooperative driving refers to a notion that intelligent system sharing controlling with human driver and completing driving task together. One of the key technologies is that the…

Abstract

Purpose

Cooperative driving refers to a notion that intelligent system sharing controlling with human driver and completing driving task together. One of the key technologies is that the intelligent system can identify the driver’s driving intention in real time to implement consistent driving decisions. The purpose of this study is to establish a driver intention prediction model.

Design/methodology/approach

The authors used the NIRx device to measure the cerebral cortex activities for identifying the driver’s braking intention. The experiment was carried out in a virtual reality environment. During the experiment, the driving simulator recorded the driving data and the functional near-infrared spectroscopy (fNIRS) device recorded the changes in hemoglobin concentration in the cerebral cortex. After the experiment, the driver’s braking intention identification model was established through the principal component analysis and back propagation neural network.

Findings

The research results showed that the accuracy of the model established in this paper was 80.39 per cent. And, the model could identify the driver’s braking intent prior to his braking operation.

Research limitations/implications

The limitation of this study was that the experimental environment was ideal and did not consider the surrounding traffic. At the same time, other actions of the driver were not taken into account when establishing the braking intention recognition model. Besides, the verification results obtained in this paper could only reflect the results of a few drivers’ identification of braking intention.

Practical implications

This study can be used as a reference for future research on driving intention through fNIRS, and it also has a positive effect on the research of brain-controlled driving. At the same time, it has developed new frontiers for intention recognition of cooperative driving.

Social implications

This study explores new directions for future brain-controlled driving and wheelchairs.

Originality/value

The driver’s driving intention was predicted through the fNIRS device for the first time.

Details

Journal of Intelligent and Connected Vehicles, vol. 1 no. 3
Type: Research Article
ISSN: 2399-9802

Keywords

Content available
Book part
Publication date: 21 November 2018

Abstract

Details

Improving Flood Management, Prediction and Monitoring
Type: Book
ISBN: 978-1-78756-552-4

Open Access
Article
Publication date: 28 July 2020

Xisto L. Travassos, Sérgio L. Avila and Nathan Ida

Ground Penetrating Radar is a multidisciplinary Nondestructive Evaluation technique that requires knowledge of electromagnetic wave propagation, material properties and antenna…

5882

Abstract

Ground Penetrating Radar is a multidisciplinary Nondestructive Evaluation technique that requires knowledge of electromagnetic wave propagation, material properties and antenna theory. Under some circumstances this tool may require auxiliary algorithms to improve the interpretation of the collected data. Detection, location and definition of target’s geometrical and physical properties with a low false alarm rate are the objectives of these signal post-processing methods. Basic approaches are focused in the first two objectives while more robust and complex techniques deal with all objectives at once. This work reviews the use of Artificial Neural Networks and Machine Learning for data interpretation of Ground Penetrating Radar surveys. We show that these computational techniques have progressed GPR forward from locating and testing to imaging and diagnosis approaches.

Details

Applied Computing and Informatics, vol. 17 no. 2
Type: Research Article
ISSN: 2634-1964

Keywords

Open Access
Article
Publication date: 20 July 2020

E.N. Osegi

In this paper, an emerging state-of-the-art machine intelligence technique called the Hierarchical Temporal Memory (HTM) is applied to the task of short-term load forecasting…

Abstract

In this paper, an emerging state-of-the-art machine intelligence technique called the Hierarchical Temporal Memory (HTM) is applied to the task of short-term load forecasting (STLF). A HTM Spatial Pooler (HTM-SP) stage is used to continually form sparse distributed representations (SDRs) from a univariate load time series data, a temporal aggregator is used to transform the SDRs into a sequential bivariate representation space and an overlap classifier makes temporal classifications from the bivariate SDRs through time. The comparative performance of HTM on several daily electrical load time series data including the Eunite competition dataset and the Polish power system dataset from 2002 to 2004 are presented. The robustness performance of HTM is also further validated using hourly load data from three more recent electricity markets. The results obtained from experimenting with the Eunite and Polish dataset indicated that HTM will perform better than the existing techniques reported in the literature. In general, the robustness test also shows that the error distribution performance of the proposed HTM technique is positively skewed for most of the years considered and with kurtosis values mostly lower than a base value of 3 indicating a reasonable level of outlier rejections.

Details

Applied Computing and Informatics, vol. 17 no. 2
Type: Research Article
ISSN: 2634-1964

Keywords

Content available
Article
Publication date: 20 January 2022

Blaža Stojanović, Sandra Gajević, Nenad Kostić, Slavica Miladinović and Aleksandar Vencl

This study aims to present a novel methodology for the evaluation of tribological properties of new nanocomposites with the A356 alloy matrix reinforced with aluminium oxide (Al2O3

Abstract

Purpose

This study aims to present a novel methodology for the evaluation of tribological properties of new nanocomposites with the A356 alloy matrix reinforced with aluminium oxide (Al2O3) nanoparticles.

Design/methodology/approach

Metal matrix nanocomposites (MMnCs) with varying amounts and sizes of Al2O3 particles were produced using a compocasting process. The influence of four factors, with different levels, on the wear rate, was analysed with the help of the design of experiments (DoE). A regression model was developed by using the response surface methodology (RSM) to establish a relationship between the observed factors and the wear rate. An artificial neural network was also applied to predict the value of wear rate. Adequacy of models was compared with experimental values. The extreme values of wear rate were determined with a genetic algorithm and particle swarm optimization using the RSM model.

Findings

The combination of optimization methods determined the values of the factors which provide the highest wear resistance, namely, reinforcement content of 0.44 wt.% Al2O3, sliding speed of 1 m/s, normal load of 100 N and particle size of 100 nm. Used methods proved as effective tools for modelling and predicting of the behaviour of aluminium matrix nanocomposites.

Originality/value

The specific combinations of the optimization methods has not been applied up to now in the investigation of MMnCs. In addition, using of small content of ceramic nanoparticles as reinforcement has been poorly investigated. It can be stated that the presented approach for testing and prediction of the wear rate of nanocomposites is a very good base for their future research.

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