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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

Article
Publication date: 19 February 2021

Zulkifli Halim, Shuhaida Mohamed Shuhidan and Zuraidah Mohd Sanusi

In the previous study of financial distress prediction, deep learning techniques performed better than traditional techniques over time-series data. This study investigates the…

Abstract

Purpose

In the previous study of financial distress prediction, deep learning techniques performed better than traditional techniques over time-series data. This study investigates the performance of deep learning models: recurrent neural network, long short-term memory and gated recurrent unit for the financial distress prediction among the Malaysian public listed corporation over the time-series data. This study also compares the performance of logistic regression, support vector machine, neural network, decision tree and the deep learning models on single-year data.

Design/methodology/approach

The data used are the financial data of public listed companies that been classified as PN17 status (distress) and non-PN17 (not distress) in Malaysia. This study was conducted using machine learning library of Python programming language.

Findings

The findings indicate that all deep learning models used for this study achieved 90% accuracy and above with long short-term memory (LSTM) and gated recurrent unit (GRU) getting 93% accuracy. In addition, deep learning models consistently have good performance compared to the other models over single-year data. The results show LSTM and GRU getting 90% and recurrent neural network (RNN) 88% accuracy. The results also show that LSTM and GRU get better precision and recall compared to RNN. The findings of this study show that the deep learning approach will lead to better performance in financial distress prediction studies. To be added, time-series data should be highlighted in any financial distress prediction studies since it has a big impact on credit risk assessment.

Research limitations/implications

The first limitation of this study is the hyperparameter tuning only applied for deep learning models. Secondly, the time-series data are only used for deep learning models since the other models optimally fit on single-year data.

Practical implications

This study proposes recommendations that deep learning is a new approach that will lead to better performance in financial distress prediction studies. Besides that, time-series data should be highlighted in any financial distress prediction studies since the data have a big impact on the assessment of credit risk.

Originality/value

To the best of authors' knowledge, this article is the first study that uses the gated recurrent unit in financial distress prediction studies based on time-series data for Malaysian public listed companies. The findings of this study can help financial institutions/investors to find a better and accurate approach for credit risk assessment.

Details

Business Process Management Journal, vol. 27 no. 4
Type: Research Article
ISSN: 1463-7154

Keywords

Article
Publication date: 10 August 2021

Deepa S.N.

Limitations encountered with the models developed in the previous studies had occurrences of global minima; due to which this study developed a new intelligent ubiquitous…

251

Abstract

Purpose

Limitations encountered with the models developed in the previous studies had occurrences of global minima; due to which this study developed a new intelligent ubiquitous computational model that learns with gradient descent learning rule and operates with auto-encoders and decoders to attain better energy optimization. Ubiquitous machine learning computational model process performs training in a better way than regular supervised learning or unsupervised learning computational models with deep learning techniques, resulting in better learning and optimization for the considered problem domain of cloud-based internet-of-things (IOTs). This study aims to improve the network quality and improve the data accuracy rate during the network transmission process using the developed ubiquitous deep learning computational model.

Design/methodology/approach

In this research study, a novel intelligent ubiquitous machine learning computational model is designed and modelled to maintain the optimal energy level of cloud IOTs in sensor network domains. A new intelligent ubiquitous computational model that learns with gradient descent learning rule and operates with auto-encoders and decoders to attain better energy optimization is developed. A new unified deterministic sine-cosine algorithm has been developed in this study for parameter optimization of weight factors in the ubiquitous machine learning model.

Findings

The newly developed ubiquitous model is used for finding network energy and performing its optimization in the considered sensor network model. At the time of progressive simulation, residual energy, network overhead, end-to-end delay, network lifetime and a number of live nodes are evaluated. It is elucidated from the results attained, that the ubiquitous deep learning model resulted in better metrics based on its appropriate cluster selection and minimized route selection mechanism.

Research limitations/implications

In this research study, a novel ubiquitous computing model derived from a new optimization algorithm called a unified deterministic sine-cosine algorithm and deep learning technique was derived and applied for maintaining the optimal energy level of cloud IOTs in sensor networks. The deterministic levy flight concept is applied for developing the new optimization technique and this tends to determine the parametric weight values for the deep learning model. The ubiquitous deep learning model is designed with auto-encoders and decoders and their corresponding layers weights are determined for optimal values with the optimization algorithm. The modelled ubiquitous deep learning approach was applied in this study to determine the network energy consumption rate and thereby optimize the energy level by increasing the lifetime of the sensor network model considered. For all the considered network metrics, the ubiquitous computing model has proved to be effective and versatile than previous approaches from early research studies.

Practical implications

The developed ubiquitous computing model with deep learning techniques can be applied for any type of cloud-assisted IOTs in respect of wireless sensor networks, ad hoc networks, radio access technology networks, heterogeneous networks, etc. Practically, the developed model facilitates computing the optimal energy level of the cloud IOTs for any considered network models and this helps in maintaining a better network lifetime and reducing the end-to-end delay of the networks.

Social implications

The social implication of the proposed research study is that it helps in reducing energy consumption and increases the network lifetime of the cloud IOT based sensor network models. This approach helps the people in large to have a better transmission rate with minimized energy consumption and also reduces the delay in transmission.

Originality/value

In this research study, the network optimization of cloud-assisted IOTs of sensor network models is modelled and analysed using machine learning models as a kind of ubiquitous computing system. Ubiquitous computing models with machine learning techniques develop intelligent systems and enhances the users to make better and faster decisions. In the communication domain, the use of predictive and optimization models created with machine learning accelerates new ways to determine solutions to problems. Considering the importance of learning techniques, the ubiquitous computing model is designed based on a deep learning strategy and the learning mechanism adapts itself to attain a better network optimization model.

Details

International Journal of Pervasive Computing and Communications, vol. 18 no. 1
Type: Research Article
ISSN: 1742-7371

Keywords

Article
Publication date: 18 October 2021

Saurabh Kumar

Decision-making in human beings is affected by emotions and sentiments. The affective computing takes this into account, intending to tailor decision support to the emotional…

Abstract

Purpose

Decision-making in human beings is affected by emotions and sentiments. The affective computing takes this into account, intending to tailor decision support to the emotional states of people. However, the representation and classification of emotions is a very challenging task. The study used customized methods of deep learning models to aid in the accurate classification of emotions and sentiments.

Design/methodology/approach

The present study presents affective computing model using both text and image data. The text-based affective computing was conducted on four standard datasets using three deep learning customized models, namely LSTM, GRU and CNN. The study used four variants of deep learning including the LSTM model, LSTM model with GloVe embeddings, Bi-directional LSTM model and LSTM model with attention layer.

Findings

The result suggests that the proposed method outperforms the earlier methods. For image-based affective computing, the data was extracted from Instagram, and Facial emotion recognition was carried out using three deep learning models, namely CNN, transfer learning with VGG-19 model and transfer learning with ResNet-18 model. The results suggest that the proposed methods for both text and image can be used for affective computing and aid in decision-making.

Originality/value

The study used deep learning for affective computing. Earlier studies have used machine learning algorithms for affective computing. However, the present study uses deep learning for affective computing.

Details

Journal of Enterprise Information Management, vol. 34 no. 5
Type: Research Article
ISSN: 1741-0398

Keywords

Article
Publication date: 16 August 2021

Faris Elghaish, Saeed Talebi, Essam Abdellatef, Sandra T. Matarneh, M. Reza Hosseini, Song Wu, Mohammad Mayouf, Aso Hajirasouli and The-Quan Nguyen

This paper aims to Test the capabilities/accuracies of four deep learning pre trained convolutional neural network (CNN) models to detect and classify types of highway cracks, as…

Abstract

Purpose

This paper aims to Test the capabilities/accuracies of four deep learning pre trained convolutional neural network (CNN) models to detect and classify types of highway cracks, as well as developing a new CNN model to maximize the accuracy at different learning rates.

Design/methodology/approach

A sample of 4,663 images of highway cracks were collected and classified into three categories of cracks, namely, “vertical cracks,” “horizontal and vertical cracks” and “diagonal cracks,” subsequently, using “Matlab” to classify the sample to training (70%) and testing (30%) to apply the four deep learning CNN models and compute their accuracies. After that, developing a new deep learning CNN model to maximize the accuracy of detecting and classifying highway cracks and testing the accuracy using three optimization algorithms at different learning rates.

Findings

The accuracies result of the four deep learning pre-trained models are above the averages between top-1 and top-5 and the accuracy of classifying and detecting the samples exceeded the top-5 accuracy for the pre-trained AlexNet model around 3% and by 0.2% for the GoogleNet model. The accurate model here is the GoogleNet model as the accuracy is 89.08% and it is higher than AlexNet by 1.26%. While the computed accuracy for the new created deep learning CNN model exceeded all pre-trained models by achieving 97.62% at a learning rate of 0.001 using Adam’s optimization algorithm.

Practical implications

The created deep learning CNN model will enable users (e.g. highway agencies) to scan a long highway and detect types of cracks accurately in a very short time compared to traditional approaches.

Originality/value

A new deep learning CNN-based highway cracks detection was developed based on testing four pre-trained CNN models and analyze the capabilities of each model to maximize the accuracy of the proposed CNN.

Details

Journal of Engineering, Design and Technology , vol. 20 no. 4
Type: Research Article
ISSN: 1726-0531

Keywords

Open Access
Article
Publication date: 31 July 2023

Daniel Šandor and Marina Bagić Babac

Sarcasm is a linguistic expression that usually carries the opposite meaning of what is being said by words, thus making it difficult for machines to discover the actual meaning…

2928

Abstract

Purpose

Sarcasm is a linguistic expression that usually carries the opposite meaning of what is being said by words, thus making it difficult for machines to discover the actual meaning. It is mainly distinguished by the inflection with which it is spoken, with an undercurrent of irony, and is largely dependent on context, which makes it a difficult task for computational analysis. Moreover, sarcasm expresses negative sentiments using positive words, allowing it to easily confuse sentiment analysis models. This paper aims to demonstrate the task of sarcasm detection using the approach of machine and deep learning.

Design/methodology/approach

For the purpose of sarcasm detection, machine and deep learning models were used on a data set consisting of 1.3 million social media comments, including both sarcastic and non-sarcastic comments. The data set was pre-processed using natural language processing methods, and additional features were extracted and analysed. Several machine learning models, including logistic regression, ridge regression, linear support vector and support vector machines, along with two deep learning models based on bidirectional long short-term memory and one bidirectional encoder representations from transformers (BERT)-based model, were implemented, evaluated and compared.

Findings

The performance of machine and deep learning models was compared in the task of sarcasm detection, and possible ways of improvement were discussed. Deep learning models showed more promise, performance-wise, for this type of task. Specifically, a state-of-the-art model in natural language processing, namely, BERT-based model, outperformed other machine and deep learning models.

Originality/value

This study compared the performance of the various machine and deep learning models in the task of sarcasm detection using the data set of 1.3 million comments from social media.

Details

Information Discovery and Delivery, vol. 52 no. 2
Type: Research Article
ISSN: 2398-6247

Keywords

Article
Publication date: 21 April 2020

Mohammed Anouar Naoui, Brahim Lejdel, Mouloud Ayad, Abdelfattah Amamra and Okba kazar

The purpose of this paper is to propose a distributed deep learning architecture for smart cities in big data systems.

Abstract

Purpose

The purpose of this paper is to propose a distributed deep learning architecture for smart cities in big data systems.

Design/methodology/approach

We have proposed an architectural multilayer to describe the distributed deep learning for smart cities in big data systems. The components of our system are Smart city layer, big data layer, and deep learning layer. The Smart city layer responsible for the question of Smart city components, its Internet of things, sensors and effectors, and its integration in the system, big data layer concerns data characteristics 10, and its distribution over the system. The deep learning layer is the model of our system. It is responsible for data analysis.

Findings

We apply our proposed architecture in a Smart environment and Smart energy. 10; In a Smart environment, we study the Toluene forecasting in Madrid Smart city. For Smart energy, we study wind energy foresting in Australia. Our proposed architecture can reduce the time of execution and improve the deep learning model, such as Long Term Short Memory10;.

Research limitations/implications

This research needs the application of other deep learning models, such as convolution neuronal network and autoencoder.

Practical implications

Findings of the research will be helpful in Smart city architecture. It can provide a clear view into a Smart city, data storage, and data analysis. The 10; Toluene forecasting in a Smart environment can help the decision-maker to ensure environmental safety. The Smart energy of our proposed model can give a clear prediction of power generation.

Originality/value

The findings of this study are expected to contribute valuable information to decision-makers for a better understanding of the key to Smart city architecture. Its relation with data storage, processing, and data analysis.

Details

Smart and Sustainable Built Environment, vol. 10 no. 1
Type: Research Article
ISSN: 2046-6099

Keywords

Article
Publication date: 15 January 2024

Faris Elghaish, Sandra Matarneh, Essam Abdellatef, Farzad Rahimian, M. Reza Hosseini and Ahmed Farouk Kineber

Cracks are prevalent signs of pavement distress found on highways globally. The use of artificial intelligence (AI) and deep learning (DL) for crack detection is increasingly…

Abstract

Purpose

Cracks are prevalent signs of pavement distress found on highways globally. The use of artificial intelligence (AI) and deep learning (DL) for crack detection is increasingly considered as an optimal solution. Consequently, this paper introduces a novel, fully connected, optimised convolutional neural network (CNN) model using feature selection algorithms for the purpose of detecting cracks in highway pavements.

Design/methodology/approach

To enhance the accuracy of the CNN model for crack detection, the authors employed a fully connected deep learning layers CNN model along with several optimisation techniques. Specifically, three optimisation algorithms, namely adaptive moment estimation (ADAM), stochastic gradient descent with momentum (SGDM), and RMSProp, were utilised to fine-tune the CNN model and enhance its overall performance. Subsequently, the authors implemented eight feature selection algorithms to further improve the accuracy of the optimised CNN model. These feature selection techniques were thoughtfully selected and systematically applied to identify the most relevant features contributing to crack detection in the given dataset. Finally, the authors subjected the proposed model to testing against seven pre-trained models.

Findings

The study's results show that the accuracy of the three optimisers (ADAM, SGDM, and RMSProp) with the five deep learning layers model is 97.4%, 98.2%, and 96.09%, respectively. Following this, eight feature selection algorithms were applied to the five deep learning layers to enhance accuracy, with particle swarm optimisation (PSO) achieving the highest F-score at 98.72. The model was then compared with other pre-trained models and exhibited the highest performance.

Practical implications

With an achieved precision of 98.19% and F-score of 98.72% using PSO, the developed model is highly accurate and effective in detecting and evaluating the condition of cracks in pavements. As a result, the model has the potential to significantly reduce the effort required for crack detection and evaluation.

Originality/value

The proposed method for enhancing CNN model accuracy in crack detection stands out for its unique combination of optimisation algorithms (ADAM, SGDM, and RMSProp) with systematic application of multiple feature selection techniques to identify relevant crack detection features and comparing results with existing pre-trained models.

Details

Smart and Sustainable Built Environment, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2046-6099

Keywords

Article
Publication date: 28 March 2023

Jun Liu, Sike Hu, Fuad Mehraliyev and Haolong Liu

This study aims to investigate the current state of research using deep learning methods for text classification in the tourism and hospitality field and to propose specific…

Abstract

Purpose

This study aims to investigate the current state of research using deep learning methods for text classification in the tourism and hospitality field and to propose specific guidelines for future research.

Design/methodology/approach

This study undertakes a qualitative and critical review of studies that use deep learning methods for text classification in research fields of tourism and hospitality and computer science. The data was collected from the Web of Science database and included studies published until February 2022.

Findings

Findings show that current research has mainly focused on text feature classification, text rating classification and text sentiment classification. Most of the deep learning methods used are relatively old, proposed in the 20th century, including feed-forward neural networks and artificial neural networks, among others. Deep learning algorithms proposed in recent years in the field of computer science with better classification performance have not been introduced to tourism and hospitality for large-scale dissemination and use. In addition, most of the data the studies used were from publicly available rating data sets; only two studies manually annotated data collected from online tourism websites.

Practical implications

The applications of deep learning algorithms and data in the tourism and hospitality field are discussed, laying the foundation for future text mining research. The findings also hold implications for managers regarding the use of deep learning in tourism and hospitality. Researchers and practitioners can use methodological frameworks and recommendations proposed in this study to perform more effective classifications such as for quality assessment or service feature extraction purposes.

Originality/value

The paper provides an integrative review of research in text classification using deep learning methods in the tourism and hospitality field, points out newer deep learning methods that are suitable for classification and identifies how to develop different annotated data sets applicable to the field. Furthermore, foundations and directions for future text classification research are set.

Details

International Journal of Contemporary Hospitality Management, vol. 35 no. 12
Type: Research Article
ISSN: 0959-6119

Keywords

Article
Publication date: 9 November 2021

Faris Elghaish, Sandra T. Matarneh, Saeed Talebi, Soliman Abu-Samra, Ghazal Salimi and Christopher Rausch

The massive number of pavements and buildings coupled with the limited inspection resources, both monetary and human, to detect distresses and recommend maintenance actions lead…

Abstract

Purpose

The massive number of pavements and buildings coupled with the limited inspection resources, both monetary and human, to detect distresses and recommend maintenance actions lead to rapid deterioration, decreased service life, lower level of service and increased community disruption. Therefore, this paper aims at providing a state-of-the-art review of the literature with respect to deep learning techniques for detecting distress in both pavements and buildings; research advancements per asset/structure type; and future recommendations in deep learning applications for distress detection.

Design/methodology/approach

A critical analysis was conducted on 181 papers of deep learning-based cracks detection. A structured analysis was adopted so that major articles were analyzed according to their focus of study, used methods, findings and limitations.

Findings

The utilization of deep learning to detect pavement cracks is advanced compared to assess and evaluate the structural health of buildings. There is a need for studies that compare different convolutional neural network models to foster the development of an integrated solution that considers the data collection method. Further research is required to examine the setup, implementation and running costs, frequency of capturing data and deep learning tool. In conclusion, the future of applying deep learning algorithms in lieu of manual inspection for detecting distresses has shown promising results.

Practical implications

The availability of previous research and the required improvements in the proposed computational tools and models (e.g. artificial intelligence, deep learning, etc.) are triggering researchers and practitioners to enhance the distresses’ inspection process and make better use of their limited resources.

Originality/value

A critical and structured analysis of deep learning-based crack detection for pavement and buildings is conducted for the first time to enable novice researchers to highlight the knowledge gap in each article, as well as building a knowledge base from the findings of other research to support developing future workable solutions.

Details

Construction Innovation , vol. 22 no. 3
Type: Research Article
ISSN: 1471-4175

Keywords

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