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Article
Publication date: 25 January 2021

Jiake Fu, Huijing Tian, Lingguang Song, Mingchao Li, Shuo Bai and Qiubing Ren

This paper presents a new approach of productivity estimation of cutter suction dredger operation through data mining and learning from real-time big data.

Abstract

Purpose

This paper presents a new approach of productivity estimation of cutter suction dredger operation through data mining and learning from real-time big data.

Design/methodology/approach

The paper used big data, data mining and machine learning techniques to extract features of cutter suction dredgers (CSD) for predicting its productivity. ElasticNet-SVR (Elastic Net-Support Vector Machine) method is used to filter the original monitoring data. Along with the actual working conditions of CSD, 15 features were selected. Then, a box plot was used to clean the corresponding data by filtering out outliers. Finally, four algorithms, namely SVR (Support Vector Regression), XGBoost (Extreme Gradient Boosting), LSTM (Long-Short Term Memory Network) and BP (Back Propagation) Neural Network, were used for modeling and testing.

Findings

The paper provided a comprehensive forecasting framework for productivity estimation including feature selection, data processing and model evaluation. The optimal coefficient of determination (R2) of four algorithms were all above 80.0%, indicating that the features selected were representative. Finally, the BP neural network model coupled with the SVR model was selected as the final model.

Originality/value

Machine-learning algorithm incorporating domain expert judgments was used to select predictive features. The final optimal coefficient of determination (R2) of the coupled model of BP neural network and SVR is 87.6%, indicating that the method proposed in this paper is effective for CSD productivity estimation.

Details

Engineering, Construction and Architectural Management, vol. 28 no. 7
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 13 February 2024

Elena Fedorova and Polina Iasakova

This paper aims to investigate the impact of climate change news on the dynamics of US stock indices.

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Abstract

Purpose

This paper aims to investigate the impact of climate change news on the dynamics of US stock indices.

Design/methodology/approach

The empirical basis of the study was 3,209 news articles. Sentiment analysis was performed by a pre-trained bidirectional FinBERT neural network. Thematic modeling is based on the neural network, BERTopic.

Findings

The results show that news sentiment can influence the dynamics of stock indices. In addition, five main news topics (finance and politics natural disasters and consequences industrial sector and Innovations activism and culture coronavirus pandemic) were identified, which showed a significant impact on the financial market.

Originality/value

First, we extend the theoretical concepts. This study applies signaling theory and overreaction theory to the US stock market in the context of climate change. Second, in addition to the news sentiment, the impact of major news topics on US stock market returns is examined. Third, we examine the impact of sentimental and thematic news variables on US stock market indicators of economic sectors. Previous works reveal the impact of climate change news on specific sectors of the economy. This paper includes stock indices of the economic sectors most related to the topic of climate change. Fourth, the research methodology consists of modern algorithms. An advanced textual analysis method for sentiment classification is applied: a pre-trained bidirectional FinBERT neural network. Modern thematic modeling is carried out using a model based on the neural network, BERTopic. The most extensive topics are “finance and politics of climate change” and “natural disasters and consequences.”

Details

The Journal of Risk Finance, vol. 25 no. 2
Type: Research Article
ISSN: 1526-5943

Keywords

Open Access
Article
Publication date: 24 October 2021

Piergiorgio Alotto, Paolo Di Barba, Alessandro Formisano, Gabriele Maria Lozito, Raffaele Martone, Maria Evelina Mognaschi, Maurizio Repetto, Alessandro Salvini and Antonio Savini

Inverse problems in electromagnetism, namely, the recovery of sources (currents or charges) or system data from measured effects, are usually ill-posed or, in the numerical…

Abstract

Purpose

Inverse problems in electromagnetism, namely, the recovery of sources (currents or charges) or system data from measured effects, are usually ill-posed or, in the numerical formulation, ill-conditioned and require suitable regularization to provide meaningful results. To test new regularization methods, there is the need of benchmark problems, which numerical properties and solutions should be well known. Hence, this study aims to define a benchmark problem, suitable to test new regularization approaches and solves with different methods.

Design/methodology/approach

To assess reliability and performance of different solving strategies for inverse source problems, a benchmark problem of current synthesis is defined and solved by means of several regularization methods in a comparative way; subsequently, an approach in terms of an artificial neural network (ANN) is considered as a viable alternative to classical regularization schemes. The solution of the underlying forward problem is based on a finite element analysis.

Findings

The paper provides a very detailed analysis of the proposed inverse problem in terms of numerical properties of the lead field matrix. The solutions found by different regularization approaches and an ANN method are provided, showing the performance of the applied methods and the numerical issues of the benchmark problem.

Originality/value

The value of the paper is to provide the numerical characteristics and issues of the proposed benchmark problem in a comprehensive way, by means of a wide variety of regularization methods and an ANN approach.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering , vol. 40 no. 6
Type: Research Article
ISSN: 0332-1649

Keywords

Article
Publication date: 18 May 2021

Fengjun Tian, Yang Yang, Zhenxing Mao and Wenyue Tang

This paper aims to compare the forecasting performance of different models with and without big data predictors from search engines and social media.

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Abstract

Purpose

This paper aims to compare the forecasting performance of different models with and without big data predictors from search engines and social media.

Design/methodology/approach

Using daily tourist arrival data to Mount Longhu, China in 2018 and 2019, the authors estimated ARMA, ARMAX, Markov-switching auto-regression (MSAR), lasso model, elastic net model and post-lasso and post-elastic net models to conduct one- to seven-days-ahead forecasting. Search engine data and social media data from WeChat, Douyin and Weibo were incorporated to improve forecasting accuracy.

Findings

Results show that search engine data can substantially reduce forecasting error, whereas social media data has very limited value. Compared to the ARMAX/MSAR model without big data predictors, the corresponding post-lasso model reduced forecasting error by 39.29% based on mean square percentage error, 33.95% based on root mean square percentage error, 46.96% based on root mean squared error and 45.67% based on mean absolute scaled error.

Practical implications

Results highlight the importance of incorporating big data predictors into daily demand forecasting for tourism attractions.

Originality/value

This study represents a pioneering attempt to apply the regularized regression (e.g. lasso model and elastic net) in tourism forecasting and to explore various daily big data indicators across platforms as predictors.

Details

International Journal of Contemporary Hospitality Management, vol. 33 no. 6
Type: Research Article
ISSN: 0959-6119

Keywords

Article
Publication date: 4 November 2014

Ahmad Mozaffari, Nasser Lashgarian Azad and Alireza Fathi

The purpose of this paper is to demonstrate the applicability of swarm and evolutionary techniques for regularized machine learning. Generally, by defining a proper penalty…

Abstract

Purpose

The purpose of this paper is to demonstrate the applicability of swarm and evolutionary techniques for regularized machine learning. Generally, by defining a proper penalty function, regularization laws are embedded into the structure of common least square solutions to increase the numerical stability, sparsity, accuracy and robustness of regression weights. Several regularization techniques have been proposed so far which have their own advantages and disadvantages. Several efforts have been made to find fast and accurate deterministic solvers to handle those regularization techniques. However, the proposed numerical and deterministic approaches need certain knowledge of mathematical programming, and also do not guarantee the global optimality of the obtained solution. In this research, the authors propose the use of constraint swarm and evolutionary techniques to cope with demanding requirements of regularized extreme learning machine (ELM).

Design/methodology/approach

To implement the required tools for comparative numerical study, three steps are taken. The considered algorithms contain both classical and swarm and evolutionary approaches. For the classical regularization techniques, Lasso regularization, Tikhonov regularization, cascade Lasso-Tikhonov regularization, and elastic net are considered. For swarm and evolutionary-based regularization, an efficient constraint handling technique known as self-adaptive penalty function constraint handling is considered, and its algorithmic structure is modified so that it can efficiently perform the regularized learning. Several well-known metaheuristics are considered to check the generalization capability of the proposed scheme. To test the efficacy of the proposed constraint evolutionary-based regularization technique, a wide range of regression problems are used. Besides, the proposed framework is applied to a real-life identification problem, i.e. identifying the dominant factors affecting the hydrocarbon emissions of an automotive engine, for further assurance on the performance of the proposed scheme.

Findings

Through extensive numerical study, it is observed that the proposed scheme can be easily used for regularized machine learning. It is indicated that by defining a proper objective function and considering an appropriate penalty function, near global optimum values of regressors can be easily obtained. The results attest the high potentials of swarm and evolutionary techniques for fast, accurate and robust regularized machine learning.

Originality/value

The originality of the research paper lies behind the use of a novel constraint metaheuristic computing scheme which can be used for effective regularized optimally pruned extreme learning machine (OP-ELM). The self-adaption of the proposed method alleviates the user from the knowledge of the underlying system, and also increases the degree of the automation of OP-ELM. Besides, by using different types of metaheuristics, it is demonstrated that the proposed methodology is a general flexible scheme, and can be combined with different types of swarm and evolutionary-based optimization techniques to form a regularized machine learning approach.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 7 no. 4
Type: Research Article
ISSN: 1756-378X

Keywords

Article
Publication date: 3 February 2021

Önder Özgür and Uğur Akkoç

The main purpose of this study is to forecast inflation rates in the case of the Turkish economy with shrinkage methods of machine learning algorithms.

Abstract

Purpose

The main purpose of this study is to forecast inflation rates in the case of the Turkish economy with shrinkage methods of machine learning algorithms.

Design/methodology/approach

This paper compares the predictive ability of a set of machine learning techniques (ridge, lasso, ada lasso and elastic net) and a group of benchmark specifications (autoregressive integrated moving average (ARIMA) and multivariate vector autoregression (VAR) models) on the extensive dataset.

Findings

Results suggest that shrinkage methods perform better for variable selection. It is also seen that lasso and elastic net algorithms outperform conventional econometric methods in the case of Turkish inflation. These algorithms choose the energy production variables, construction-sector measure, reel effective exchange rate and money market indicators as the most relevant variables for inflation forecasting.

Originality/value

Turkish economy that is a typical emerging country has experienced two digit and high volatile inflation regime starting with the year 2017. This study contributes to the literature by introducing the machine learning techniques to forecast inflation in the Turkish economy. The study also compares the relative performance of machine learning techniques and different conventional methods to predict inflation in the Turkish economy and provide the empirical methodology offering the best predictive performance among their counterparts.

Details

International Journal of Emerging Markets, vol. 17 no. 8
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 1 June 1956

A.E. Johnson

TURBINE disks of jet propulsion units operate under conditions of considerable complexity for which steam turbine practice and experience afford little assistance in matters of…

Abstract

TURBINE disks of jet propulsion units operate under conditions of considerable complexity for which steam turbine practice and experience afford little assistance in matters of calculation and design.

Details

Aircraft Engineering and Aerospace Technology, vol. 28 no. 6
Type: Research Article
ISSN: 0002-2667

Book part
Publication date: 19 October 2020

Diego Rojas, Juan Estrada, Kim P. Huynh and David T. Jacho-Chávez

The efficient distribution of bank notes is a first-order responsibility of central banks. The authors study the distribution patterns of bank notes with an administrative dataset…

Abstract

The efficient distribution of bank notes is a first-order responsibility of central banks. The authors study the distribution patterns of bank notes with an administrative dataset from the Bank of Canada’s Currency Inventory Management Strategy. The single note inspection procedure generates a sample of 900 million bank notes in which the authors can trace the length of the stay of a bank note in the market. The authors define the duration of the bank note circulation cycle as beginning on the date the bank note is first shipped by the Bank of Canada to a financial institution and ending when it is returned to the Bank of Canada. In addition, the authors provide information regarding where the bank note is shipped and later received, as well as the physical fitness of the bank note upon return to the Bank of Canada’s distribution centers. K–prototype clustering classifies bank notes into types. A hazard model estimates the duration of bank note circulation cycles based on their clusters and characteristics. An adaptive elastic net provides an algorithm for dimension reduction. It is found that while the distribution of the duration is affected by fitness measures, their effects are negligible when compared with the influence exerted by the clusters related to bank note denominations.

Details

The Econometrics of Networks
Type: Book
ISBN: 978-1-83867-576-9

Keywords

Article
Publication date: 1 March 2023

Farouq Sammour, Heba Alkailani, Ghaleb J. Sweis, Rateb J. Sweis, Wasan Maaitah and Abdulla Alashkar

Demand forecasts are a key component of planning efforts and are crucial for managing core operations. This study aims to evaluate the use of several machine learning (ML…

Abstract

Purpose

Demand forecasts are a key component of planning efforts and are crucial for managing core operations. This study aims to evaluate the use of several machine learning (ML) algorithms to forecast demand for residential construction in Jordan.

Design/methodology/approach

The identification and selection of variables and ML algorithms that are related to the demand for residential construction are indicated using a literature review. Feature selection was done by using a stepwise backward elimination. The developed algorithm’s accuracy has been demonstrated by comparing the ML predictions with real residual values and compared based on the coefficient of determination.

Findings

Nine economic indicators were selected to develop the demand models. Elastic-Net showed the highest accuracy of (0.838) versus artificial neural networkwith an accuracy of (0.727), followed by Eureqa with an accuracy of (0.715) and the Extra Trees with an accuracy of (0.703). According to the results of the best-performing model forecast, Jordan’s 2023 first-quarter demand for residential construction is anticipated to rise by 11.5% from the same quarter of the year 2022.

Originality/value

The results of this study extend to the existing body of knowledge through the identification of the most influential variables in the Jordanian residential construction industry. In addition, the models developed will enable users in the fields of construction engineering to make reliable demand forecasts while also assisting in effective financial decision-making.

Details

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

Keywords

Article
Publication date: 1 September 1952

A.S. Taylor

As part of the R.A.E.‘s critical study of the aero‐isoclinic principle of wing design, a detailed examination was made of high‐speed aeroelastic effects on manoeuvre point, with…

Abstract

As part of the R.A.E.‘s critical study of the aero‐isoclinic principle of wing design, a detailed examination was made of high‐speed aeroelastic effects on manoeuvre point, with special reference to the effect of rearward movement of local aerodynamic centres at super‐critical Mach numbers. From the results of calculations, using the method of R.A.E. Report No. Aero. 2320, it is concluded that as regards possible shifts of manoeuvre point, the aero‐isoclinic wing is generally superior to the conventional wing. For tailless aircraft, application of the aero‐isoclinic principle makes it possible to employ wings of an aspect ratio much larger than is considered practicable with conventional design. Structural design of a flutter‐free aero‐isoclinic wing entails radical departures from orthodox procedure, and with tailed aircraft it is therefore probably preferable to adapt the design of the tail plane and its attachment, to cope with the destabilizing deformability effects of a conventional wing, than to eradicate such effects at the source by aero‐isoclinic design of the wing.

Details

Aircraft Engineering and Aerospace Technology, vol. 24 no. 9
Type: Research Article
ISSN: 0002-2667

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