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1 – 10 of over 1000
Article
Publication date: 2 September 2013

Hesam Odin Komari Alaei and Alireza Yazdizadeh

This paper is concerned with the estimation of reservoir parameters in the presence of noise and outliers using neural network (NN) and Bayesian algorithm. The paper aims to…

Abstract

Purpose

This paper is concerned with the estimation of reservoir parameters in the presence of noise and outliers using neural network (NN) and Bayesian algorithm. The paper aims to discuss these issues.

Design/methodology/approach

Outlier detection is of great importance to prediction of time series data. A reliable predictive methodology is proposed based on NN and Bayesian algorithm to efficiency estimates of the parameters of a petroleum reservoir. This strategy is applied to estimate the parameters of Marun reservoir located in Ahwaz, Iran utilizing available geophysical well log data.

Findings

For an evaluation purpose, the performance and generalization capabilities of Bayes-ANN are compared with the common technique of back propagation (BP).

Practical implications

The experimental results demonstrate that the proposed hybrid Bayes-NN algorithm is able to reveal a better performance than conventional BP NN algorithms.

Originality/value

Helped oil and gas companies to estimation of petroleum reservoir parameters more accurate than other methods in the presence of noise and outliers.

Details

Kybernetes, vol. 42 no. 7
Type: Research Article
ISSN: 0368-492X

Keywords

Abstract

Details

Machine Learning and Artificial Intelligence in Marketing and Sales
Type: Book
ISBN: 978-1-80043-881-1

Article
Publication date: 7 December 2021

Yue Wang and Sai Ho Chung

This study is a systematic literature review of the application of artificial intelligence (AI) in safety-critical systems. The authors aim to present the current application…

1314

Abstract

Purpose

This study is a systematic literature review of the application of artificial intelligence (AI) in safety-critical systems. The authors aim to present the current application status according to different AI techniques and propose some research directions and insights to promote its wider application.

Design/methodology/approach

A total of 92 articles were selected for this review through a systematic literature review along with a thematic analysis.

Findings

The literature is divided into three themes: interpretable method, explain model behavior and reinforcement of safe learning. Among AI techniques, the most widely used are Bayesian networks (BNs) and deep neural networks. In addition, given the huge potential in this field, four future research directions were also proposed.

Practical implications

This study is of vital interest to industry practitioners and regulators in safety-critical domain, as it provided a clear picture of the current status and pointed out that some AI techniques have great application potential. For those that are inherently appropriate for use in safety-critical systems, regulators can conduct in-depth studies to validate and encourage their use in the industry.

Originality/value

This is the first review of the application of AI in safety-critical systems in the literature. It marks the first step toward advancing AI in safety-critical domain. The paper has potential values to promote the use of the term “safety-critical” and to improve the phenomenon of literature fragmentation.

Details

Industrial Management & Data Systems, vol. 122 no. 2
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 9 May 2008

Geng Cui, Man Leung Wong, Guichang Zhang and Lin Li

The purpose of this paper is to assess the performance of competing methods and model selection, which are non‐trivial issues given the financial implications. Researchers have…

2664

Abstract

Purpose

The purpose of this paper is to assess the performance of competing methods and model selection, which are non‐trivial issues given the financial implications. Researchers have adopted various methods including statistical models and machine learning methods such as neural networks to assist decision making in direct marketing. However, due to the different performance criteria and validation techniques currently in practice, comparing different methods is often not straightforward.

Design/methodology/approach

This study compares the performance of neural networks with that of classification and regression tree, latent class models and logistic regression using three criteria – simple error rate, area under the receiver operating characteristic curve (AUROC), and cumulative lift – and two validation methods, i.e. bootstrap and stratified k‐fold cross‐validation. Systematic experiments are conducted to compare their performance.

Findings

The results suggest that these methods vary in performance across different criteria and validation methods. Overall, neural networks outperform the others in AUROC value and cumulative lifts, and the stratified ten‐fold cross‐validation produces more accurate results than bootstrap validation.

Practical implications

To select predictive models to support direct marketing decisions, researchers need to adopt appropriate performance criteria and validation procedures.

Originality/value

The study addresses the key issues in model selection, i.e. performance criteria and validation methods, and conducts systematic analyses to generate the findings and practical implications.

Details

Marketing Intelligence & Planning, vol. 26 no. 3
Type: Research Article
ISSN: 0263-4503

Keywords

Open Access
Article
Publication date: 31 May 2023

Xiaojie Xu and Yun Zhang

For policymakers and participants of financial markets, predictions of trading volumes of financial indices are important issues. This study aims to address such a prediction…

Abstract

Purpose

For policymakers and participants of financial markets, predictions of trading volumes of financial indices are important issues. This study aims to address such a prediction problem based on the CSI300 nearby futures by using high-frequency data recorded each minute from the launch date of the futures to roughly two years after constituent stocks of the futures all becoming shortable, a time period witnessing significantly increased trading activities.

Design/methodology/approach

In order to answer questions as follows, this study adopts the neural network for modeling the irregular trading volume series of the CSI300 nearby futures: are the research able to utilize the lags of the trading volume series to make predictions; if this is the case, how far can the predictions go and how accurate can the predictions be; can this research use predictive information from trading volumes of the CSI300 spot and first distant futures for improving prediction accuracy and what is the corresponding magnitude; how sophisticated is the model; and how robust are its predictions?

Findings

The results of this study show that a simple neural network model could be constructed with 10 hidden neurons to robustly predict the trading volume of the CSI300 nearby futures using 1–20 min ahead trading volume data. The model leads to the root mean square error of about 955 contracts. Utilizing additional predictive information from trading volumes of the CSI300 spot and first distant futures could further benefit prediction accuracy and the magnitude of improvements is about 1–2%. This benefit is particularly significant when the trading volume of the CSI300 nearby futures is close to be zero. Another benefit, at the cost of the model becoming slightly more sophisticated with more hidden neurons, is that predictions could be generated through 1–30 min ahead trading volume data.

Originality/value

The results of this study could be used for multiple purposes, including designing financial index trading systems and platforms, monitoring systematic financial risks and building financial index price forecasting.

Details

Asian Journal of Economics and Banking, vol. 8 no. 1
Type: Research Article
ISSN: 2615-9821

Keywords

Open Access
Article
Publication date: 5 October 2023

Babitha Philip and Hamad AlJassmi

To proactively draw efficient maintenance plans, road agencies should be able to forecast main road distress parameters, such as cracking, rutting, deflection and International…

Abstract

Purpose

To proactively draw efficient maintenance plans, road agencies should be able to forecast main road distress parameters, such as cracking, rutting, deflection and International Roughness Index (IRI). Nonetheless, the behavior of those parameters throughout pavement life cycles is associated with high uncertainty, resulting from various interrelated factors that fluctuate over time. This study aims to propose the use of dynamic Bayesian belief networks for the development of time-series prediction models to probabilistically forecast road distress parameters.

Design/methodology/approach

While Bayesian belief network (BBN) has the merit of capturing uncertainty associated with variables in a domain, dynamic BBNs, in particular, are deemed ideal for forecasting road distress over time due to its Markovian and invariant transition probability properties. Four dynamic BBN models are developed to represent rutting, deflection, cracking and IRI, using pavement data collected from 32 major road sections in the United Arab Emirates between 2013 and 2019. Those models are based on several factors affecting pavement deterioration, which are classified into three categories traffic factors, environmental factors and road-specific factors.

Findings

The four developed performance prediction models achieved an overall precision and reliability rate of over 80%.

Originality/value

The proposed approach provides flexibility to illustrate road conditions under various scenarios, which is beneficial for pavement maintainers in obtaining a realistic representation of expected future road conditions, where maintenance efforts could be prioritized and optimized.

Details

Construction Innovation , vol. 24 no. 1
Type: Research Article
ISSN: 1471-4175

Keywords

Article
Publication date: 2 May 2017

Normah Omar, Zulaikha ‘Amirah Johari and Malcolm Smith

This paper aims to explore the effectiveness of an artificial neural network (ANN) in predicting fraudulent financial reporting in small market capitalization companies in…

3575

Abstract

Purpose

This paper aims to explore the effectiveness of an artificial neural network (ANN) in predicting fraudulent financial reporting in small market capitalization companies in Malaysia.

Design/methodology/approach

Based on the concepts of ANN, a mathematical model was developed to compare non-fraud and fraud companies selected from among small market capitalization companies in Malaysia; the fraud companies had already been charged by the Securities Commission for falsification of financial statements. Ten financial ratios are used as fraud risk indicators to predict fraudulent financial reporting using ANN.

Findings

The findings indicate that the proposed ANN methodology outperforms other statistical techniques widely used for predicting fraudulent financial reporting.

Originality/value

The study is one of few to adopt the ANN approach for the prediction of financial reporting fraud.

Details

Journal of Financial Crime, vol. 24 no. 2
Type: Research Article
ISSN: 1359-0790

Keywords

Article
Publication date: 3 November 2023

Xiaojie Xu and Yun Zhang

The Chinese housing market has gone through rapid growth during the past decade, and house price forecasting has evolved to be a significant issue that draws enormous attention…

32

Abstract

Purpose

The Chinese housing market has gone through rapid growth during the past decade, and house price forecasting has evolved to be a significant issue that draws enormous attention from investors, policy makers and researchers. This study investigates neural networks for composite property price index forecasting from ten major Chinese cities for the period of July 2005–April 2021.

Design/methodology/approach

The goal is to build simple and accurate neural network models that contribute to pure technical forecasts of composite property prices. To facilitate the analysis, the authors consider different model settings across algorithms, delays, hidden neurons and data spitting ratios.

Findings

The authors arrive at a pretty simple neural network with six delays and three hidden neurons, which generates rather stable performance of average relative root mean square errors across the ten cities below 1% for the training, validation and testing phases.

Originality/value

Results here could be utilized on a standalone basis or combined with fundamental forecasts to help form perspectives of composite property price trends and conduct policy analysis.

Details

Property Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 5 June 2009

Francisco J. Veredas, Héctor Mesa and Laura Morente

Pressure ulcer is a clinical pathology of localized damage to the skin and underlying tissue caused by pressure, shear, and friction. Diagnosis, treatment and care of pressure…

Abstract

Purpose

Pressure ulcer is a clinical pathology of localized damage to the skin and underlying tissue caused by pressure, shear, and friction. Diagnosis, treatment and care of pressure ulcers involve high costs for sanitary systems. Accurate wound evaluation is a critical task to optimize the efficacy of treatments and health‐care. Clinicians evaluate the pressure ulcers by visual inspection of the damaged tissues, which is an imprecise manner of assessing the wound state. Current computer vision approaches do not offer a global solution to this particular problem. The purpose of this paper is to use a hybrid learning approach based on neural and Bayesian networks to design a computational system to automatic tissue identification in wound images.

Design/methodology/approach

A mean shift procedure and a region‐growing strategy are implemented for effective region segmentation. Color and texture features are extracted from these segmented regions. A set of k multi‐layer perceptrons is trained with inputs consisting of color and texture patterns, and outputs consisting of categorical tissue classes determined by clinical experts. This training procedure is driven by a k‐fold cross‐validation method. Finally, a Bayesian committee machine is formed by training a Bayesian network to combine the classifications of the k neural networks (NNs).

Findings

The authors outcomes show high efficiency rates from a two‐stage cascade approach to tissue identification. Giving a non‐homogeneous distribution of pattern classes, this hybrid approach has shown an additional advantage of increasing the classification efficiency when classifying patterns with relative low frequencies.

Practical implications

The methodology and results presented in this paper could have important implications to the field of clinical pressure ulcer evaluation and diagnosis.

Originality/value

The novelty associated with this work is the use of a hybrid approach consisting of NNs and Bayesian classifiers which are combined to increase the performance of a pattern recognition task applied to the real clinical problem of tissue detection under non‐controlled illumination conditions.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 2 no. 2
Type: Research Article
ISSN: 1756-378X

Keywords

Article
Publication date: 15 October 2021

Shaobo Liang

This paper aims to explore the users' cross-app behavior characteristics in mobile search and to predict users' cross-app behavior using multi-dimensional information.

Abstract

Purpose

This paper aims to explore the users' cross-app behavior characteristics in mobile search and to predict users' cross-app behavior using multi-dimensional information.

Design/methodology/approach

This paper presents a longitudinal user experiment in 15 days. This paper recruited 30 participants and collected their mobile phone log data in the whole experiment. The structured diary method was also used to collect contextual information in mobile search.

Findings

This study focused on the users' cross-app behavior in mobile search and described cross-app behavior's basic characteristics. Usage of communication app and tool apps could trigger more cross-app behavior in mobile search. The method of cross-app behavior prediction in the mobile search was proposed. Collecting users' more contextual information, such as search tasks, search motivation and other environmental information, can effectively improve the prediction accuracy of cross-app behavior in mobile search.

Practical implications

The future research on cross-app behavior prediction should focus on context information in mobile search. Better prediction of cross-app behavior can reduce the users' interaction burden.

Originality/value

This paper contributes to research into cross-app behavior, especially in the mobile search research domain.

Details

Aslib Journal of Information Management, vol. 74 no. 1
Type: Research Article
ISSN: 2050-3806

Keywords

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